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Hi could you please answer this question. 1 1 Problem 12-2A (Part Level Submission) During 2018, Paver Financial Corporation had the following held for trading
Hi could you please answer this question.
1 1 Problem 12-2A (Part Level Submission) During 2018, Paver Financial Corporation had the following held for trading investment transactions: Feb. Purchased 630 CBF common shares for $37,800. Mar. 1 Purchased 770 RSD common shares for $23,100. Apr. Purchased 7% MRT bonds at face value, for $59,400. Interest is received semi-annually on April 1 and October 1. July Received a cash dividend of $3 per share on the CBF common shares. Aug. Sold 220 CBF common shares at $58 per share. Sept. 1 Received a cash dividend of $1.60 per share on the RSD common shares. Received the semi-annual interest on the MRT bonds. Sold the MRT bonds for $61,300. Dec. 31 The market prices of the CBF and RSD common shares were $55 and $31 per share, respectively. 1 1 Oct. 1 1 *(b) Show how the investments would be presented on the statement of financial position at December 31, 2018. PAVER FINANCIAL CORPORATION Statement of Financial Position (Partial)Step by Step Solution
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