Business, 25.02.2020 00:45, ninaaforever

On March 14, Apple Corporation purchased 6,000 shares of Pear Inc. for $25 per share plus a $340 brokerage fee. On June 30, when the shares were trading at $27, Apple prepared an adjustment to fair value and recorded the annual dividend of $0.40 per share. On August 14, Apple sold 4,000 shares of Pear for $29 per share less a brokerage fee of $225. The journal entry at the date of sale would include

a) a debit to cash for $115,775.
b) a debit to cash for $108,000.
c) a credit to investments for $100,000.
d) a credit to gain on the sale of investments for $8,000.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:20, lukeperry

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

Answers: 2

continue

Business, 22.06.2019 01:00, Travon1418

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Answers: 3

continue

Business, 22.06.2019 09:40, shybug886

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

Answers: 2

continue

Business, 22.06.2019 12:20, lamwil9432

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

Answers: 2

continue

Do you know the correct answer?

On March 14, Apple Corporation purchased 6,000 shares of Pear Inc. for $25 per share plus a $340 bro...