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Question
Hulse Company had the following transactions pertaining to stock investments.
Feb. 1 Purchased
640 shares of Wade common stock (2%) for $7,680 cash.
July 1 Received cash dividends of $1 per share on Wade common stock.
Sept. 1 Sold 300 shares of Wade common stock for $4,368.
Dec. 1 Received cash dividends of $3 per share on Wade common stock.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
What is the project's cash flow for the first year (t = 1)?
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