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Live Large Inc. had the following transactions involving non-strategic investments during 2023. 2023 Apr. 1 Paid $100,050 to buy a 90-day term deposit, $100,000 principal
Live Large Inc. had the following transactions involving non-strategic investments during 2023.
2023 | |||
Apr. | 1 | Paid $100,050 to buy a 90-day term deposit, $100,000 principal amount, 5.0%, dated April 1. There was a $50 transaction fee included in the above-noted payment amount. | |
12 | Purchased 3,000 common shares of Blue Balloon Ltd. at $22.25. There was a $50 transaction fee included in the above-noted payment amount. | ||
June | 9 | Purchased 1,800 common shares of Purple Car Corp. at $49.50. There was a $50 transaction fee included in the above-noted payment amount. | |
20 | Purchased 700 common shares of Yellow Tech Ltd. at $15.75. There was a $50 transaction fee included in the above-noted payment amount. | ||
July | 1 | Purchased for $67,412 a 7.0%, $65,000 Space Explore Inc. bond that matures in eight years when the market interest rate was 6.4%. There was a $50 transaction fee included in the above-noted payment amount. Interest is paid semiannually beginning December 31, 2023. Live Large Inc. plans to hold this investment until maturity. | |
3 | Received a cheque for the principal and accrued interest on the term deposit that matured on June 30. | ||
15 | Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares. | ||
28 | Sold 1,500 of the Blue Balloon Ltd. common shares at $26.00. | ||
Sept. | 1 | Received a $2.10 per share cash dividend on the Purple Car Corp. common shares. | |
Dec. | 15 | Received a $1.35 per share cash dividend on the remaining Blue Balloon Ltd. common shares owned. | |
31 | Received the interest on the Space Explore Inc. bond. | ||
31 | The fair values of Live Large Inc.s investments on this date were Blue Balloon shares, $24.60; Purple Car Corp. shares, $42.35; Yellow Tech shares, $16.05. Assume the fair value and the carrying value of the Space Explore bond were equal. | ||
2024 | |||
Feb. | 16 | Sold the remaining Blue Balloon shares at $26.25. |
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