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Wildhorse Corporation purchased 400 shares of Sherman Inc. common stock for $14,100 (Wildhorse does not...

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Accounting

Wildhorse Corporation purchased 400 shares of Sherman Inc. common stock for $14,100 (Wildhorse does not have significant influence). During the year, Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $35.50 per share

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