Search or type a command am (ACCT202 Gr.01) 29. On January 5, 2019, Prince Company acquired in cash 3,000 shares of ABC Inc., to keep as short- term marketable securities, at a price of $8.7 per share. To acquire these shares, Prince Company paid additional $900 for commission fees. On April 9, 2019, Prince Company sold 2,000 of these shares for $9.2 per share. Prince Company also paid $250 commission fees for this sale. The sale of marketable securities will result in: * Search or type a command (ACCT202 Gr.01) 30. On November 1, 2017, Salem Corporation sold goods priced at $900,000 in exchange for a 6%, six-month note receivable. On May 1, 2018 (maturity date), the note is collected in full by Salem Corporation. Assuming a fiscal year-end of December 31, Salem recognizes which of the following in its income statement for 2018 with regard to this note? Search or type a command 32. At the end of the first year of operations, the total cost of the marketable securities that ABC Company holds is $146,000. During the second year, half of these securities are sold for $86,500 cash. Which of the following is true regarding the sale of the marketable securities in the second year? Search or type a command am (ACCT202 Gr.01) 29. On January 5, 2019, Prince Company acquired in cash 3,000 shares of ABC Inc., to keep as short- term marketable securities, at a price of $8.7 per share. To acquire these shares, Prince Company paid additional $900 for commission fees. On April 9, 2019, Prince Company sold 2,000 of these shares for $9.2 per share. Prince Company also paid $250 commission fees for this sale. The sale of marketable securities will result in: * Search or type a command (ACCT202 Gr.01) 30. On November 1, 2017, Salem Corporation sold goods priced at $900,000 in exchange for a 6%, six-month note receivable. On May 1, 2018 (maturity date), the note is collected in full by Salem Corporation. Assuming a fiscal year-end of December 31, Salem recognizes which of the following in its income statement for 2018 with regard to this note? Search or type a command 32. At the end of the first year of operations, the total cost of the marketable securities that ABC Company holds is $146,000. During the second year, half of these securities are sold for $86,500 cash. Which of the following is true regarding the sale of the marketable securities in the second year