On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for 35,700. On December 1, Paul

Question:

On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for €35,700. On December 1, Paul sells the share investments for €40,000 in cash. Journalize the purchase and sale of the ordinary shares.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

See More Books

Question Posted: Jun 26, 2019 09:45 AM

See More Questions

The computation and publication of earnings per share (EPS) figures by listed companies are governed by IAS 33 Earnings per Share. Notes: 1 Called-up share capital of Nottingham Industries plc: In...
(a) The issued share capital of Manfred, a quoted company, on 1 November 2004 consisted of 36,000,000 ordinary shares of 75 cents each. On 1 May 2005 the company made a rights issue of 1 for 6 at...
The capital structure of Chavboro, a quoted company, during the years ended 31 October 2005 and 2006 was as follows: $ 6,000,000 ordinary shares of 50 cents ... 3,000,000 10% preferred shares of $1...
Consider the following grooves, each of width W, that have been machined from a solid block of material. (a) For each case obtain an expression for the view factor of the groove with respect to the...
You can find a large amount of information on the Internet to evaluate the performance of companies. Many firms provide links to this information on their home pages. Access the home page of The Gap,...
In Prob. 3.23, Determine the perpendicular distance from point A to the line of action of the 200-N force. PROBLEM 3.23 A 200-N force is applied as shown to the bracket ABC. Determine the moment of...
Implicit biases are part of an individuals unconscious mind. A person might not even be aware of the presence of such beliefs, though behaviors might reflect a manifestation of these biases. Is it...
According to Stanford mathematics and statistics professor Persi Diaconis, the probability a flipped coin that starts out heads up will also land heads up is 0.51. Suppose you want to test this. More...
Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year Crane Loon Gross income from operations Expenses from operations Dividends received...
Can a business manager's religious beliefs factor into the business's hiring treatment of same-sex partners? Why or why not?
Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2020. On July 1, 2020, Kimmel received cash interest of CHF1,600. Journalize the purchase and the receipt of interest....
The cost of the trading securities of Hardy Company at December 31, 2020, is 62,000. At December 31, 2020, the fair value of the securities is 59,000. Prepare the adjusting entry to record the...
Repeat Exercise 17.23 for expenditures on food away from home (FOODAWAY). In exercise 17.23 How are middle class households expenditures on food eaten at home affected by the age, education, and...
1. Name the paranasal air sinuses.
2. Name the ventricles of Brain.
3. Different positions of Vermiform appendix.
Define Image?
What is Dynamic Range?
Which of the following statements is true? a. Job order costing requires less data entry than process costing. b. Allocation of overhead is easier under job order costing than process costing. c. Job...
In Exercises evaluate the limit, using LHpitals Rule if necessary. lim 07x cos x X
Monthly production costs in Pesavento Company for two levels of production are as follows. Indicate which costs are variable, fixed, and mixed, and give the reason for eachanswer. 3,000 units 6,000...
For Loder Company, the relevant range of production is 4080% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000. Diagram the behavior of each cost within the...
For Loder Company, the relevant range of production is 4080% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000. Diagram the behavior of each cost within the...
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...

On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for 35,700. On December 1, Paul

Question:

Step by Step Answer:

Aug 1 Share Investments 35700 Ca...View the full answer

Accounting Principles

Students also viewed these Business questions