Business, 04.06.2020 16:58 crosales102

Pharoah Corporation purchased 29000 shares of common stock of the Sherman Corporation for $44 per share on January 2, 2020. Sherman Corporation had 100000 shares of common stock outstanding during 2021, paid cash dividends of $154000 during 2021, and reported net income of $540000 for 2021. Pharoah Corporation should report revenue from investment for 2021 in the amount of .

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Pharoah Corporation purchased 29000 shares of common stock of the Sherman Corporation for $44 per sh...