Question
View Policies Current Attempt in Progress In January 2022, the management of Ivanhoe Company concludes that it has sufficient cash to permit some short-term investments
View Policies Current Attempt in Progress In January 2022, the management of Ivanhoe Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 800 shares of Muninger common stock for $40,000. Mar. 1 Purchased 1,000 shares of Tatman common stock for $25,000. Apr. 1 Purchased 70 of $1,100,8% Yoakem bonds for $77,000. Interest is payable semiannually on April 1 and October 1 . July 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Aug. 1 Sold 266 shares of Muninger common stock at $60 per share. Sept. 1 Received a $2 per share cash dividend on the Tatman
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