During 2024, Marx Financial Corporation had the following trading investment transactions: Purchased 365 FBC common shares for $95 per share. Purchased 550 DSR common shares for $71,500. Purchased 4% TMR bonds at face value, for $81,100. Marx will receive interest from these bonds semi-annually on Feb. 1 and Aug. 1. Received a cash dividend of $1 per share on the DSR common shares. Received the semi-annual interest on the TMR bonds. Sold the TMR Bonds for $79.130. Sold 52 FBC common shares at $89 per share. Jan. 5 Jan. 15 Feb. 1 Jun 1 Aug. 1 Aug 1 Dec. 1 Dec. 30 Dec. 31 DSR declared a dividend of $2.40 per share, payable on January 30 next year. The market prices of the FBC and DSR common shares were $83 and $135 per share, respectively. Show how Marx would report the investments on the statement of financial position at December 31, 2024. MARX FINANCIAL CORPORATION Statement of Financial Position (Partial)

During 2024, Marx Financial Corporation had the following trading investment transactions: Purchased 365 FBC common shares for $95 per share. Purchased 550 DSR common shares for $71,500. Purchased 4% TMR bonds at face value, for $81,100. Marx will receive interest from these bonds semi-annually on Feb. 1 and Aug. 1. Received a cash dividend of $1 per share on the DSR common shares. Received the semi-annual interest on the TMR bonds. Sold the TMR Bonds for $79.130. Sold 52 FBC common shares at $89 per share. Jan. 5 Jan. 15 Feb. 1 Jun 1 Aug. 1 Aug 1 Dec. 1 Dec. 30 Dec. 31 DSR declared a dividend of $2.40 per share, payable on January 30 next year. The market prices of the FBC and DSR common shares were $83 and $135 per share, respectively. Show how Marx would report the investments on the statement of financial position at December 31, 2024. MARX FINANCIAL CORPORATION Statement of Financial Position (Partial)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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