O'Leary Enterprises began investing in short-term equity securities in 2020. The following information was extracted from its
Question:
O'Leary Enterprises began investing in short-term equity securities in 2020. The following information was extracted from its 2020 internal financial records.
INSTRUCTIONS:
Compute the effect on reported 2020 income from all investment transactions and price changes.
Transcribed Image Text:
Total Dividends 12/31/20 Market Security Purchases Sales Received Value* Houser Company 90 shares @ $22 60 shares @ $25 $40 $25 Miller Inc. 180 shares @ $40 90 shares @ $30 85 35 Letter Books 75 shares @ $48 5 shares @ $55 30 46 Nordic Equipment 170 shares @ $70 145 shares @ $95 50 90
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