Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Use negative signs with your answers, when appropriate. Balance Sheet Transaction Cash Asset + (1) (2) 1. Purchased 6,000 common shares of Liu, Inc., at $11.50 cash per share. 2. Received a cash dividend of $1.40 per common share from Liu. 3. Year-end market price of Liu common stock is $11.25 per share. 4. Sold all 6,000 common shares of Liu for $66,300. (3) T Noncash Assets = Liabilities + Contributed Capital + Earned Capital Revenue Income Statement Expenses Net Income

Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Use negative signs with your answers, when appropriate. Balance Sheet Transaction Cash Asset + (1) (2) 1. Purchased 6,000 common shares of Liu, Inc., at $11.50 cash per share. 2. Received a cash dividend of $1.40 per common share from Liu. 3. Year-end market price of Liu common stock is $11.25 per share. 4. Sold all 6,000 common shares of Liu for $66,300. (3) T Noncash Assets = Liabilities + Contributed Capital + Earned Capital Revenue Income Statement Expenses Net Income

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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