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During 2021, Canarie Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 550 CBF common shares for $35,750. Mar. 1 Purchased 850 RSD
During 2021, Canarie Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 550 CBF common shares for $35,750. Mar. 1 Purchased 850 RSD common shares for $27,200. Apr. 1 Purchased 7% MRT bonds at face value, for $60,600. Canarie received interest from these bonds semi-annually on April 1 and October 1. July 1 Received a cash dividend of $3 per share on the CBF common shares. Aug. 1 Sold 210 CBF common shares at $63 per share. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $62,400. Dec. 30 RSD declared a dividend of $1.60 per share, payable on January 15 next year. Dec. 31 The market prices of the CBF and RSD common shares were $60 and $33 per share, respectively. Show how Kakisa would report the investments on the statement of financial position at December 31, 2021. CANARIE FINANCIAL CORPORATION Statement of Financial Position (Partial) December 31, 2021 Current Assets $ |
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