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Sheridan Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for...

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Accounting

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Sheridan Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for $530000 on January 2, 2018. During 2018, Darby Company declared dividends of $65000 and reported earnings for the year of $330000. If Sheridan Company used the fair value method of accounting for its investment in Darby Company, its Equity Investments (Darby) account on December 31, 2018 should be $556500. $563000. $530000. 523500

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