Question
Tampa today publishers completed the following trading investment transactions during 2014 and 2015. dec 6 purchased 950 shares of golden stock at a price of
Tampa today publishers completed the following trading investment transactions during 2014 and 2015. dec 6 purchased 950 shares of golden stock at a price of $25per share, intending to sell the investment next month. dec 23 received a cash dividend of $1.30 per share on the golden stock. dec 31 adjusted the investment to its market value of $20. per share. jan 27 2015 sold th golden stock for $22 per share. Journalize the transactions. on dec 31, 2014 how would the golden stock be classified and at what value would it be reported on the balance sheet?
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