The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10 Purchased 3,600 shares of Delew Company’s common stock for a price of $51 per share plus a brokerage commission of $95. Delew Company has 200,000 shares of common stock outstanding. July 8 Received a quarterly dividend of $0.95 per share on the Delew Company investment. Sept. 10 Sold 2,000 shares for a price of $41 per share less a brokerage commission of $75. Dec. 31 At the end of the accounting period, the fair value of the remaining 1,600 shares of Delew Company’s stock was $50.53 per share.
The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10 Purchased 3,600 shares of Delew Company’s common stock for a price of $51 per share plus a brokerage commission of $95. Delew Company has 200,000 shares of common stock outstanding. July 8 Received a quarterly dividend of $0.95 per share on the Delew Company investment. Sept. 10 Sold 2,000 shares for a price of $41 per share less a brokerage commission of $75. Dec. 31 At the end of the accounting period, the fair value of the remaining 1,600 shares of Delew Company’s stock was $50.53 per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following equity investment transactions were completed by Vintage Company during a recent year:
| Apr. | 10 | Purchased 3,600 shares of Delew Company’s common stock for a price of $51 per share plus a brokerage commission of $95. Delew Company has 200,000 shares of common stock outstanding. |
| July | 8 | Received a quarterly dividend of $0.95 per share on the Delew Company investment. |
| Sept. | 10 | Sold 2,000 shares for a price of $41 per share less a brokerage commission of $75. |
| Dec. | 31 | At the end of the accounting period, the fair value of the remaining 1,600 shares of Delew Company’s stock was $50.53 per share. |
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