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both A and B Prodi acquired on July 15, 2012, 400 shares of Rome Company $720 par value capitalProblem 14-3 a ire pris cs40 per
both A and B
Prodi acquired on July 15, 2012, 400 shares of Rome Company $720 par value capitalProblem 14-3 a ire pris cs40 per share plus a broker's commission of S1.728. On August 1,2012, Paris Companyne ntris ton sasiod a cash dividend of $8.64 per share. On November 3, 2012, it sold 200 of these shares nceived a cash share less a broker's commission of S 1,152. On December 1, 2012, Rome Company sing a 100% stock dividend declared on its capital stock on November 18. at $756 per LO. 1, 2) In December 31, 2012, the end of Paris Company's calendar-year accounting period, the nmarket quotation for Rome Company's common stock was $331.20 per share. The decline was onsidered to be temporary. Prepare journal entries to record all of these data assuming the securities are considered Required last entry appear in the financial statements? long-term ary investments classified as trading securities. Where should the accounts in the h. Assume Rome Company has become a major customer so the shares are held for affiliation purposes. Indicate how the investment should be shown in the balance sheet
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