The company purchased 1,000 shares of equity securities for $32 per share. The shares were purchased as

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The company purchased 1,000 shares of equity securities for $32 per share. The shares were purchased as an available-for-sale investment. The broker’s commission on the purchase was $20. Make the journal entry necessary to record the purchase

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Apr 07, 2012 07:47 AM

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The company purchased 1,000 shares of equity securities for $32 per share. The shares were purchased as

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Intermediate Accounting

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