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Sheridan Corporation purchased 30000 shares of common stock of the Sherman Corporation for $45 per share on January 2, 2020. Sherman Corporation had 100000
Sheridan Corporation purchased 30000 shares of common stock of the Sherman Corporation for $45 per share on January 2, 2020. Sherman Corporation had 100000 shares of common stock outstanding during 2021, paid cash dividends of $155000 during 2021, and reported net income of $550000 for 2021. Sheridan Corporation should report revenue from investment for 2021 in the amount of O $165000. O $46500, O $181500. O $118500,
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