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Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 6,800 shares of Malmo Inc. as an available-for-sale
investment at $42 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.65 per share was received...
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Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 8,800 shares of Malmo Inc. as an available-for-sale
investment at $54 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.60 per share was received...
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Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 6,500 shares of Malmo Inc. as an available-for-sale
investment at $48 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.45 per share was received...
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Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 8,800 shares of Malmo Inc. as an available-for-sale
investment at $36 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.60 per share was received...
-
Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 5,800 shares of Malmo Inc. as an available-for-sale
investment at $42 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.55 per share was received...
-
Stock Investment Transactions, Equity Method and
Available-for-Sale Securities
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 5,500 shares of Malmo Inc. as an available-for-sale
investment at $48 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.40 per share was received...
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t Stock investment transactions, equity method and available-for-sale securities mount Descrlptions Journal Balance Sheet Chart of Accounts Year 1 2 Purchased 2,00 haes of Sara avalabe toral seug brokerage commission 8 Received a cash dividend of $0.22 per share on Sankal Inc. stocik Sep. 8 A cash dividend of $0.25 per share was received on the Sankal stock Oct 17 Sold 3,000 shares of Sankal Inc. stock at st6 per share lesa brokernge commission of $75 31 Sankal Inc. is...
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Stock Investment Transactions, Equity Method and Available-rol-Sale Securities Roman Products, Inc., is a wholesaler of men's hair products. The company began operations on January 1, 2016. The following transactions relate to securities acquired by Roman Products, Inc which has a fiscal year ending on December 31: 2016 Jan. 3 Purchased 5,800 shares of Whalen Inc. as an available-for-sale security at $48 per share, including the brokerage commission. July 8 Received a cash dividend of $0.6 per share on the Whalen...
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Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $9 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
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Construction Forms Corporation buys securities to be available for sale when circumstances warrant, not to profit from short-term differences in price and not necessarily to hold debt securities to maturity. The following selected transactions relate to investment activities of Construction Forms whose fiscal year ends on December 31. No investments were held by Construction Forms at the beginning of the year 2016 Mar. 2 Purchased 1 million Platinum Gauges, Inc., common shares for $21 million, including brokerage fees and commissions....