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Business, 27.10.2021 01:00 jasminespets

Vickery Corp. purchased 3% of the shares of Hickory Corp. for $10 each-a total of 30,000 shares-as a trading investment in January. In June, Hickory announced net income of $1,000,000. In August, Hickory paid a cash dividend totaling $500,000. On December 31, shares of Hickory closed at $11 each. On Dec. 31, Vickery should record:

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Vickery Corp. purchased 3% of the shares of Hickory Corp. for $10 each-a total of 30,000 shares-as a...
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