9 FIFI Corporation's trading securities portfolio at the end of the year is as follows: Security Ordinary Share A Cost 10,000 Ordinary Share B 9.000 19.000 Fair Value 12,000 5.000 17.000 FIFI subsequently sells Share B for 12,000. What entry is made to record the sale? 12,000 Share Investments 12,000 a. Cash b. Cash 12,000 Fair Value Adjustment 3,000 Share Investments 9,000 c. Cash 12,000 Share Investments.... Gain on Sale of Share Investments... 12,000 9,000 3,000 d. Cash Share Investments... 5,000 Gain on Sale of Share Investments... 7,000 21 23 MacBook Pro Remaining Time: 1 hour, 51 minutes, 54 seconds. Question Completion Status 2 3 Moving to another question will save this response. 10 12 13 16 18 19 22 23 24 25 Question 30 PTK Corporation was organized on January 2, 2017 During 2017, PTK issued 20,000 shares at $32 per share, purchased 4000 trasury shares at $25 per share, and had net income of $600 000 what is the equity at December 31, 2017? $740,000 b. $1,036,000 c. $1,044,000 d. $1,136,000 N L 9 T 4 WA E R S 99 D 33 3 X Jo 3 MacBook Pro 9 9 T 9 6 33 LL T 4 c 7 12 BA 9 H s 3 B N M Question Completion Status: 12 Moving to another question will save this response. Question 26 19 20 MATRY Corporation issued 40,000 shares of no-par value ordinary shares for 31.50 per share. Which of the following statements is a Share Premium-Ordinary account will increase by 345.000 b. The Cash account will increase by 20.000 c Retained Eamings account will increase by E855,000 d. None of the above. Moving to another question will save this response. 7 3 2 T W A ONY 3 432 MacBook Pro 1 4 E 9 O E R T R S 2 D 3 99 F N X js b 3 S 7 2 B 8 13