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Business, 16.04.2020 01:45 Student658

Sheridan Corporation acquired a 38% interest in Windsor Company on January 1, 2021, for $520,000. At that time, Windsor had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2021, Windsor paid cash dividends of $165,000 and thereafter declared and issued a 5% common stock dividend when the fair value was $2 per share. Windsor's net income for 2021 was $360,000. What is the balance in Sheridan's equity investment account at the end of 2021

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Sheridan Corporation acquired a 38% interest in Windsor Company on January 1, 2021, for $520,000. At...
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