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At the beginning of the year, a company purchased 42,600 of Alpha Corp. common shares at $13.60 per share. Alpha Corp. had 142,000 common shares
At the beginning of the year, a company purchased 42,600 of Alpha Corp. common shares at $13.60 per share. Alpha Corp. had 142,000 common shares outstanding. These shares traded at $12.50 per share at year end. During the year, Alpha Corp. reported a $243,000 profit and issued cash dividends of $46,500. Answer the following questions. Don't round your numbers while doing your calculations. Calculate to the nearest dollar with commas or dollar signs, e.g., 15000. 1. What is the balance of the Investment account at year-end? (nearest dollar without comma or dollar sign, e.g. 21512): 2. What the investment income for the year? (nearest dollar without comma or dollar sign, e.g. 21512) Next page tion for Wiley Plus structions Jump to... Upload link for handwritten work (uploading PDF files) 3:30 pm deadline % 5 OLO 16 17 180/2 F10 12/A 6 8
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