On January 2, 2018, Surfside Co. purchased 14,500 shares of Sand, Inc. for $333,500. The...
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On January 2, 2018, Surfside Co. purchased 14,500 shares of Sand, Inc. for $333,500. The investment represented 15% of Sands outstanding shares. On December 31, 2018 each share of Sand was selling for $22 per share and on December 31, 2019 each share of Sand was selling for $31 per share. Which of the following correctly presents the entries made by Surfside to its investment account for this investment
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