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Savatey [412]
1 year ago
7

On December 31, 2018, the end of its first year of operations, Cullumber Associates owned the following securities that are held

as long-term investments.
Common Stock Shares Cost
C Co. 1,060 $51,940
D Co. 5,460 38,766
E Co. 1,206 25,326

On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2019, the following transactions occurred.

July 1 Received $2 per share semiannual cash dividend on D Co. common stock.
Aug. 1 Received $0.50 per share cash dividend on C Co. common stock.
Sept. 1 Sold 990 shares of D Co. common stock for cash at $8 per share.
Oct. 1 Sold 300 shares of C Co. common stock for cash at $53 per share.
Nov. 1 Received $1 per share cash dividend on E Co. common stock.
Dec. 15 Received $0.50 per share cash dividend on C Co. common stock.
31 Received $2.10 per share semiannual cash dividend on D Co. common stock.

At December 31, the fair values per share of the common stocks were C Co. $48, D Co. $6.90, and E Co. $25. These investments should be classified as long-term.

Required:
Journalize the 2019 transactions.
Business
1 answer:
nlexa [21]1 year ago
3 0

Answer:

the answer is

Explanation:

$2317218262262

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Further Explanation:

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Since Thad has already spoken to the customers and has gotten their feedback he will not need the promotion. He has the customers input on colors, names, and expectations. He has also decided on a price, so he doesn't need to focus on that point anymore. However, <em>he has not determined the place or the distribution of his paint. He will need to focus on the place he will sell his paint. </em>

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