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Required information [The following information applies to the questions displayed below.] a. On March 22, purchased 1,000 shares of RPI Company stock at $10
Required information [The following information applies to the questions displayed below.] a. On March 22, purchased 1,000 shares of RPI Company stock at $10 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a c. On October 8, sold 50 shares of RPI stock for $15 per share. Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including or-) for each transaction Assets a Stock investments Cash (+) increase (-) decrease b. Cash (+) increase Cash (+) increase Stack investments (-) decrease Liabilities . dividend revenue Gain on sale of stock investments Equ
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