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GL1501 (Algo) - Based on Problem 15-4A LO P4 Edmunds Corporation had no short-term Investments prior to this year. It had the following transactions

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GL1501 (Algo) - Based on Problem 15-4A LO P4 Edmunds Corporation had no short-term Investments prior to this year. It had the following transactions this year Involving short-term stock Investments with Insignificant Influence. April 16 July 7 July 20 August 15 August 28 October 1 December 15 December 31 Purchased 6,000 shares of MYC Company stock at $25 per share. Purchased 4,500 shares of STO Company stock at $50 per share. Purchased 2,000 shares of CMO Company stock at $17 per share. Received an $1.40 per share cash dividend on the MYC Company stock. Sold 3,600 shares of MYC Company stock at $28 per share. Received a $3.00 per share cash dividend on the STO Company shares. Received a $1.70 per share cash dividend on the remaining MYC Company shares. Received a $2.40 per share cash dividend on the STO Company shares.

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