Question
Purchase Date 6/15/2020 10,000 shares of Hub Cap Company Cost:106,000.00 a. Investments -FV-OCI On December 31, 2020, the fair value per share of Hub Cap
Purchase Date 6/15/2020
10,000 shares of Hub Cap Company
Cost:106,000.00
a.Investments -FV-OCI
On December 31, 2020, the fair value per share of Hub Cap Company was $11.25 per share.Aylmer decided to sell it's shares in Hub Cap Company at that time.NOTE - The sale is NOT included on the trial balance and will have to be recorded with your adjusting entries.
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
