Stefan company management concluded in January 2020 that they believe the company has sufficient funds to undertake
Question:
Stefan company management concluded in January 2020 that they believe the company has sufficient funds to undertake some short-term investment in bonds and stocks, all investments are considered to be held for trading (financial assets at fair value through profit or loss)(FVTPL)), the following transactions took place in 2020:
1. February 1 Purchased 600 shares of Superior common stock at €32,400.
2. March 1 Purchased 800 ordinary shares of Pawlik for €20,400.
3. Received a cash dividend of €0.60 per share of Superior common stock on July 1
4. 200 shares of Superior common stock sold at €57 per share on August 1
5. Received a cash dividend of €1 per share of Pawlik's common stock on September 1.
Make an entry for the above transaction.
Physics
ISBN: 978-0077339685
2nd edition
Authors: Alan Giambattista, Betty Richardson, Robert Richardson