Arden Enterprises Inc. French Broad Industries Inc. Pisgah Construction Inc. Required: $178,560 74,100 98,400 $351,060
Arden Enterprises Inc. French Broad Industries Inc. Pisgah Construction Inc. Required: $178,560 74,100 98,400 $351,060
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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

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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