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On February 15, Seacoft buys 7000 shares of Kebo common stock at $28.53 per share plus a brokerage fee of $400. The stock is classified as available for sale securities. On March 15, Kebo declares a dividend of $1.15 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately dells half of the Kebo stock on November 17 of the current year for $29.30 per share less a brokerage fee of $250. The journal entry to record the sale of the stock on November 17 is:
A) Debit Cash $102300; Credit Long Term Investment-AFS-$99855; Credit Gain on Sale of Long term investment $2445B) Debit Cash $102550; Credit Long Term Investment-Trading-$99855; Credit Gain on Sale of Long term investment $2695C) Debit Cash $102550; Credit Long Term Investment-AFS-$100055; Credit Gain on Sale of Long term investment $2495D) Debit Cash $102300; Credit Long Term Investment-AFS-$100055; Credit Gain on Sale of Long term investment $2245E) Debit Cash $102300; Credit Long Term Investment-Trading-$99855; Credit Gain on Sale of Long term investment $2645
Drake Company's income statement for the most recent year appears below: Calculate the unit contribution margin
assume your grandparents have just given you 20000 on the condition that you invest the money in the stock market. as
the heavenly gifts company a maker of holiday novelties needs your help immediately. the companys accountant resigned
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On 1 July 2010, Cherry Ltd acquired an item of plant for $31 864. On the same date, Cherry Ltd entered into a lease agreement with Hazel Ltd in relation to the assets. According to the lease agreement, Hazel Ltd agreed to pay $ 12 000 immediately,..
300 to be paid monthly for 36 months with an additional ballon payment of 12000 due at the end of the 36 month
The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items:
Prepare and unclassified balance sheet as it would appearat Dec 31,2007 c) how might the statement of cash flows help the user of thefinancial statements? Compute tow cash flow ratios.
In Saint-Simon, Inc., the Assembly Department started 18,000 units and completed 21,000 units. If beginning work in process was 9,000 units, how many units are in ending work in process?
the srane company has contacted trell with an offer to sell it 5000 wickets for 36 each. if trell makes the wickets
using peachtree accounting softwarenbspnbsppeachtree software is an accounting system in which small businesses can
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