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Ivanhoe Corporation purchased 370 shares of Sherman Inc. common stockfor $13,100 (Ivanhoe does not
have signi?cant in?uence). During the year, Sherman paid a cash dividend of $3.00 per share. Assume the
stock is nonmarketable. Prepare Iva nhoer journal entries to record {a} the purchase of the inve… Show more
have signi?cant in?uence). During the year, Sherman paid a cash dividend of $3.00 per share. Assume the
stock is nonmarketable. Prepare Iva nhoer journal entries to record {a} the purchase of the inve… Show more
My biggest question is part C with the stock being nonmarketable. How would this be represented?
