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During 2021, Oak Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 610 CBF common shares for $36,600, Mar. 1 Purchased 750 RSD
During 2021, Oak Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 610 CBF common shares for $36,600, Mar. 1 Purchased 750 RSD common shares for $24,000. Apr 1 Purchased 7% MRT bonds at face value, for $60,000, Oak received interest from these bonds semi-annually on April 1 and October 1 July 1 Received a cash dividend of 53 per share on the CBF common shares. Aug 1 Sold 210 CBF common shares at $59 per share. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 1 Sold the MRT bonds for $62.100. Dec 30 RSD declared a dividend of $1.50 per share, payable on January 15 next year Dec 31 The market prices of the CBF and RSD common shares were 556 and $33 per share, respectively. (b) Your answer is correct. Show how Kakisa would report the investments on the statement of financial position at December 31, 2021. OAK FINANCIAL CORPORATION Statement of Financial Position (Partial) December 31, 2021 Current Assets S 47150 Trading Investments (c) Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate how the accounts would be presented on the statement of income for the year ended December 31, 2021. (Round answers to decimal places, es. 5.250. Enter loss using either a negative sin preceding the numbers. -2945 or parentheses es: (2,9451 OAK FINANCIAL CORPORATION Statement of Income (Partial) 11:39 PM
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