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W - Chapter 15 6 Help Save& Exit S Check my w 6 Required information...

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W - Chapter 15 6 Help Save& Exit S Check my w 6 Required information (The following information applies to the questions displayed below) art 2 of 2 Selk Steel Co. which began operations on January 4. 2017, had the following subsequent transactions and events in its long-term investments 2017 Jan. 5 Selk purchased 75,000 shares 30 of total) of Kildaire s common stock for $1.800,000 Oct. 23 kildaire declared and paid a cash dividend of $3.00 per share. 04-36:10 $30.40 per share. 2018 oct. 15 Kildaire declared and paid a cash dividend of $2.60 per share. Dec 31 Kildare's net income for 2010 is si,sis,000, and the fair value of its stock at 31 Print $32.40 er share. 2019 Jan. 2 Selk sold al of its investment in Kildaire for $2. 325,000 cash. Part 2 Assume that although Selk owns 30% of Kildaire's outstanding stock, circumstances indicate that it does not have a significant influence over the investee and that it is classified as an available-for-sale security investment. Required: 6 1 of 8 lli Next >

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