A) On February 15, paid $160,000 cash to purchase American General's 90-day short-term notes at par, which are dated February 15th and pay 10% interest (classified as held-to-maturity)
B) On March 22, bought 700 shares of Fran Industries common stock at $51cash per share plus a $150 brokerage fee (classified as long- term available for sale securities)
C) on May 15, received a check from American General in payment of the principle and 90 days' interest on the notes purchased in transaction a
D) on July 30, paid $100,000 cash to purchase MP3 electronics' 8% notes at par, dated July 30, 2008, and maturing on January 30, 2009 (classified as trading securities)
E) on September 1, received a $1 per share cash dividend on the Fran Industries common stock purchased in transaction b
F) on October 8, sold 350 shares of Fran Industries common stock for $64 cash per share, less a $125 brokerage fee
G) On October 30 , received a check from MP3 electronics for three months' interest on the notes purchased in transaction D.
This question was asked on Jan 02, 2013.
Recently Asked Questions
- What issues need to be considered when creating development projects?
- How many grams of Ca(OH)2 will be produced when 28.04g of CaO react with 18.02g of H2O if the reaction yield is 95.00%
- The Cammack Corporation wants to achieve a steady 6% growth rate. It is can achieve a return on equity of 11 percent, what percentage of earnings must Cammack