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thats the question On this date, the totalfair value of the securities was equal tolts cost. The securities are not held for influence or control
thats the question
On this date, the totalfair value of the securities was equal tolts cost. The securities are not held for influence or control over the investees, in 2022 , the following transactions occurred. July 1 Recelved $2.00 per share semiannual cash dividend on D Co.common stock. Aug. 1 Recelved S0.50 pershare cash dividend on Co. common stock. Sept. 1 Sold 1,020 shares of D Co. common stock for cashat $9 pershare. Oct. 1 Sold 274 shares of C Co. common stock for cash at $54 per share. Nov. 1 Received \$1 per share cash dividend on E Co. common stock. Dec. 15 Received \$0.50 per share cash dividend on C Ca.common stock. 31 Received \$2.30 per share semlannual cash dlvidend on D Co. cominon stock. At December 31 , the fair values per share of the commonstocks were C Co. $51. Do. $7.70. and E. Co. $24. These investments should be classified as long-term. Date Account Titles and Explanation Debit. Credit Step by Step Solution
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