Arden Enterprises Inc. French Broad Industries Inc. Pisgah Construction Inc. Required: $178,560 74,100 98,400 $351,060

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Instructions
M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations:
Arden Enterprises Inc.
Issuing Company
Pisgah Construction Inc.
French Broad Industries Inc. 65,550
x
$
The fair value of the various available-for-sale securities on December 31, 20Y5, was as follows:
Issuing Company
Arden Enterprises Inc.
F4
Pisgah Construction Inc.
French Broad Industries Inc.
Q Search
с
F5
$148,800
%
Cost
D
$319,310
104,960
F6
Fair Value, Dec. 31, 20Y5
✈
$178,560
74,100
98,400
F7
LDFINC
&
F8
F9
F10
F11
Transcribed Image Text:3 Instructions M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: Arden Enterprises Inc. Issuing Company Pisgah Construction Inc. French Broad Industries Inc. 65,550 x $ The fair value of the various available-for-sale securities on December 31, 20Y5, was as follows: Issuing Company Arden Enterprises Inc. F4 Pisgah Construction Inc. French Broad Industries Inc. Q Search с F5 $148,800 % Cost D $319,310 104,960 F6 Fair Value, Dec. 31, 20Y5 ✈ $178,560 74,100 98,400 F7 LDFINC & F8 F9 F10 F11
3
Instructions
M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations:
Arden Enterprises Inc.
Issuing Company
Pisgah Construction Inc.
French Broad Industries Inc. 65,550
x
$
The fair value of the various available-for-sale securities on December 31, 20Y5, was as follows:
Issuing Company
Arden Enterprises Inc.
F4
Pisgah Construction Inc.
French Broad Industries Inc.
Q Search
с
F5
$148,800
%
Cost
D
$319,310
104,960
F6
Fair Value, Dec. 31, 20Y5
✈
$178,560
74,100
98,400
F7
LDFINC
&
F8
F9
F10
F11
Transcribed Image Text:3 Instructions M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: Arden Enterprises Inc. Issuing Company Pisgah Construction Inc. French Broad Industries Inc. 65,550 x $ The fair value of the various available-for-sale securities on December 31, 20Y5, was as follows: Issuing Company Arden Enterprises Inc. F4 Pisgah Construction Inc. French Broad Industries Inc. Q Search с F5 $148,800 % Cost D $319,310 104,960 F6 Fair Value, Dec. 31, 20Y5 ✈ $178,560 74,100 98,400 F7 LDFINC & F8 F9 F10 F11
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