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In early 2 0 2 3 , Kalkay Inc. found itself with idle cash that it decided to invest in the shares of another business.
In early Kalkay Inc. found itself with idle cash that it decided to invest in the shares of another business. The following events transpired in and :
Jan Kalkay Inc. purchased shares in Tiodnaci Corporation at $ per share and paid a brokerage fee of $ This investment was classified as a shortterm investment.
Nov. A dividend of $ per share was received on the Tiodnaci Corporation shares.
Dec. This is the end of the fiscal year for Kalkay Inc. On this date, the Tiodnaci Corporation shares were worth per share.
Jan. Kalkay Inc. sold Tiodnaci Corporation shares for per share.
Mar A dividend of $ per share was received on the Tiodnaci Corporation shares.
Jun. Kalkay Inc. sold all of the remaining Tiodnaci Corporation shares for per share.
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