Question
d) In May, the company purchased 50 new shares of Company W at a share price of 109. Additional broker fees were 800. All are
d) In May, the company purchased 50 new shares of Company W at a share price of 109. Additional broker fees were 800. All are paid by cash. Classified as a short-term investment.
The market price W here is 109 or (109*50+800)/50?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
