![subject](/tpl/images/cats/mat.png)
Mathematics, 05.05.2021 06:50 frankcaroccio0203
Aranda Corporation made the following cash purchases of securities during 2017, which is the first year in which Arantxa invested in securities. 1. On January 15, purchased 10,000 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,980. 2. On April 1, purchased 5,000 shares of Vicario Co.'s common stock at $52.00 per share plus commission $3,370. 3. On September 10, purchased 7,000 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $4,910. On May 20, 2017, Aranda sold 4,000 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and fees of $3,850. The year-end fair values per share were Sanchez $30, Vicario $55, and WTA $28. In addition, the chief accountant of Aranda told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases. Instructions (a) Prepare the journal entries to record the above three security purchases. (b) Prepare the journal entry for the security sale on May 20
![ansver](/tpl/images/cats/User.png)
Answers: 1
Another question on Mathematics
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 22:30
Factor the polynomial by its greatest common monomial factor.
Answers: 1
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 23:30
Use the ratio test to determine whether ∑n=14∞n+2n! converges or diverges. (a) find the ratio of successive terms. write your answer as a fully simplified fraction. for n≥14, limn→∞∣∣∣an+1an∣∣∣=limn→∞.
Answers: 3
You know the right answer?
Aranda Corporation made the following cash purchases of securities during 2017, which is the first y...
Questions
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2020 21:01
![question](/tpl/images/cats/ap.png)
Advanced Placement (AP), 28.08.2020 21:01
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2020 21:01
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 28.08.2020 21:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 28.08.2020 21:01
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2020 21:01
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2020 21:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
English, 28.08.2020 21:01
![question](/tpl/images/cats/biologiya.png)
Biology, 28.08.2020 21:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/es.png)
Spanish, 28.08.2020 21:01