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ABC Company had the following transactions pertaining to its stock investments: Feb. 1 Purchased 700 share (18% ownership) of Sigma Company common stock for $8,050.
ABC Company had the following transactions pertaining to its stock investments:
Feb. 1 Purchased 700 share (18% ownership) of Sigma Company common stock for $8,050.
July 1 Received cash dividends of $1.80 per share on the Sigma Company stock.
Oct. 15 Sold 400 share of the Sigma Company stock and received net proceeds of $4,200 Cash.
On the 15th October, the entry should include:
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
