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In January 2017, the management of Kinzie Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During
In January 2017, the management of Kinzie Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred Feb. 1 Purchased 510 shares of Muoingen common stock for $26,010. Mar. 1 Purchased 880 shares of TatmaA common stock for $22.880 Apr. 1 Purchased 57 $1,100, 990 Yoake abonds for $62,700. Interest is payable semiannually on April 1 and October 1 Julv 1 Received a cash dividend of s0.50 per share on the MunisReommon stock. Aug. 1 Sold 170 shares of MupiRAe common stock at $62 per share. ept. Received a $1 per share cash dividend on the Tata common stock Oct. 1 Received the semiannual interest on the Yoakeobonds. Oct. 1 Sold the YoakeRbonds for $61,700 At December 31, the fair value of the Muoiagancommon stock was $52 per share. The fair value of the TatRo30 common stock was $25 per share
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