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MYC 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
MYC 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 Purchased 6,000 shares of Van Company stock at $26 per share. July 7 Purchased 4,500 shares of Arnold Company stock at \$51 per share. July 20 Purchased 2,000 shares of Zephyr Company stock at \$18 per share. August 15 Received an $1.40 per share cash dividend on the Van Company stock. August 28 Sold 3,600 shares of Van Company stock at \$29 per share. October 1 Received a $3.50 per share cash dividend on the Arnold Company shares. December 15 Received a $1.70 per share cash dividend on the remaining Van Company shares. December 31 Received a $2.90 per share cash dividend on the Arnold Company shares. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity. April 16 Purchased 6,000 shares of Van Company stock at $26 per share. July 7 Purchased 4,500 shares of Arnold Company stock at \$51 per share. July 20 Purchased 2,000 shares of Zephyr Company stock at \$18 per share. August 15 Received an $1.40 per share cash dividend on the Van Company stock. August 28 Sold 3,600 shares of Van Company stock at \$29 per share. October 1 Received a $3.50 per share cash dividend on the Arnold Company shares. December 15 Received a $1.70 per share cash dividend on the remaining Van Company shares. December 31 Received a $2.90 per share cash dividend on the Arnold Company shares. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equityStep by Step Solution
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