Question
On September 3, 2021, Liberty Bank purchased 14,000 shares of eBay stock for $77 per share and classified the investment as TRADING. On September 30,
On September 3, 2021, Liberty Bank purchased 14,000 shares of eBay stock for $77 per share and classified the investment as TRADING. On September 30, 2021, eBay stock was trading at $70 per share, and on October 31, 2021, eBay stock was trading at $76 per share. The Investment in eBay will be shown on Liberty Banks September 30, 2021 Balance Sheets for:
$1,078,000
$1,064,000
$1,029,000
$980,000
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Cost Accounting
Authors: William K. Carter
14th edition
978-0759338098
