During the year ended December 31, 2024, Riverbed Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1 Purchased 580 IBF common shares for $31,320. Purchased 1,580 Raimundo common shares for $47,400. Apr. 1 Purchased $193,000 of CRT 4% bonds at par. Interest is payable semi-annually on April 1 and October 1. July 1 Received a cash dividend of $2.00 per share on the IBF common shares. Aug. Sold 245 IBF common shares at $58 per share. Received the semi-annual interest on the CRT bonds. Mar. 1 Oct. 1 1 1 Dec. 31 Sold the CRT bonds for $198,000. The fair values of the IBF and Raimundo common shares were $60 and $26 per share, respectively.
During the year ended December 31, 2024, Riverbed Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1 Purchased 580 IBF common shares for $31,320. Purchased 1,580 Raimundo common shares for $47,400. Apr. 1 Purchased $193,000 of CRT 4% bonds at par. Interest is payable semi-annually on April 1 and October 1. July 1 Received a cash dividend of $2.00 per share on the IBF common shares. Aug. Sold 245 IBF common shares at $58 per share. Received the semi-annual interest on the CRT bonds. Mar. 1 Oct. 1 1 1 Dec. 31 Sold the CRT bonds for $198,000. The fair values of the IBF and Raimundo common shares were $60 and $26 per share, respectively.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dec. 31 V
Investment Income or Loss
Investments at FVTPL
2840
Transcribed Image Text:During the year ended December 31, 2024, Riverbed Corporation, a public company, had the following transactions related to
investments held for trading purposes:
Feb. 1 Purchased 580 IBF common shares for $31,320.
Purchased 1,580 Raimundo common shares for $47,400.
Apr. 1 Purchased $193,000 of CRT 4% bonds at par. Interest is payable semi-annually on April 1 and October 1.
July 1
Received a cash dividend of $2.00 per share on the IBF common shares.
Aug.
Sold 245 IBF common shares at $58 per share.
Received the semi-annual interest on the CRT bonds.
Sold the CRT bonds for $198,000.
The fair values of the IBF and Raimundo common shares were $60 and $26 per share, respectively.
Mar. 1
Oct.
1
1
1
Dec. 31
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