Question
2018 Jul.2 Purchased 3,500 shares of Bravo , Inc. common stock at $13.00 per share. Ship Your Way plans to sell the stock within threemonths,
2018
Jul.2
Purchased 3,500 shares of Bravo, Inc. common stock at $13.00 per share. Ship Your Way plans to sell the stock within threemonths, when the company will need the cash for normal operations. Ship Your Way does not have significant influence over Bravo.
Aug.21 Received a cash dividend of $ 0.60 per share on the Bravo stock investment.
Sep.16 Sold the Bravo stock for $ 15.50 per share.
Oct. 1 Purchased a Volton bond for $24,000 at face value. Ship Your Way classifies the investment as trading andshort-term.
Dec.31 Received a $ 240 interest payment from Volton.
31Adjusted the Volton bond to its market value of $29,000.
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