Current Attemptin Progress R B CIT Workspace C Get Homework Hel. ACCOUNTINO 2 STATS ECON Accounting During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Sabo common shares PYK $1.50 preferred shares Total Quantity 1,000 2,000 Cost $15,000 24,000 $39,000 Market V alue $13,500 24,500 $38,000 The following transactions with respect to Financial Holdings'investments occurred during 2021 Jan. 15 Purchased 1,500 common shares of Hazmi for $15.00 per share. The shares are designated as fair value through other comprehensive income Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share June 15 Sold 500 of the Sabo common shares for $15.75 per share. Aug. 5 Received dividends on the Sabo common shares of $3.00 per share. Oct. 15 Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares $16.00 13.75 ./33292/assignments/4880939 ONNECT-ORGB Pearson - BSYS+M. Get Homework Hel... ACCOUNT WileyPLUS - ACCO... OBCIT Workspace Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) Interest Payable Interest Receivable Bonds Payable Short-Term Investment-Term Deposit Investments at Fair value through Profit or Loss Save for Later Attemp Question Part Score (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score MacBook Pro Current Attemptin Progress R B CIT Workspace C Get Homework Hel. ACCOUNTINO 2 STATS ECON Accounting During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Sabo common shares PYK $1.50 preferred shares Total Quantity 1,000 2,000 Cost $15,000 24,000 $39,000 Market V alue $13,500 24,500 $38,000 The following transactions with respect to Financial Holdings'investments occurred during 2021 Jan. 15 Purchased 1,500 common shares of Hazmi for $15.00 per share. The shares are designated as fair value through other comprehensive income Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share June 15 Sold 500 of the Sabo common shares for $15.75 per share. Aug. 5 Received dividends on the Sabo common shares of $3.00 per share. Oct. 15 Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares $16.00 13.75 ./33292/assignments/4880939 ONNECT-ORGB Pearson - BSYS+M. Get Homework Hel... ACCOUNT WileyPLUS - ACCO... OBCIT Workspace Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) Interest Payable Interest Receivable Bonds Payable Short-Term Investment-Term Deposit Investments at Fair value through Profit or Loss Save for Later Attemp Question Part Score (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score MacBook Pro
