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On February 22, Triangle Corporation acquired 2,600 shares of the 90,000 outstanding common stock of Jupiter Co. at $35.90 plus commission charges of $260. On
On February 22, Triangle Corporation acquired 2,600 shares of the 90,000 outstanding common stock of Jupiter Co. at $35.90 plus commission charges of $260. On June 1, a cash dividend of $0.65 per share was received. On November 12, 900 shares were sold at $43 less commission charges of $108. At the end of the accounting period on December 31, the fair value of the remaining 1,700 shares of Jupiter Companys stock was $36.50 per share.
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