Question: On May 2, 2014, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50 per share. Syscos intent is to sell the

On May 2, 2014, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50 per share. Sysco’s intent is to sell the shares within eight to ten months. On August 7, Sysco received dividends of $0.50 per share regarding the Computer Web investment. Record the entries on May 2 and August 7.

Step by Step Solution

★★★★★

3.41 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

2014 May 2 Shortterm investment x Computer Web Corp ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

384-B-A-I (4780).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Another option is to sell the business as is, so that as the seller you are not responsible or liable for any changes in the performance of the business after the sale. Do you think this would be...

On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50 per share. Syscos intent is to sell the shares within eight to ten months. On August 7, Sysco...

An electric dipole, consisting of two opposite charges of magnitude 2 10 Ceach separated by a distance 3 cm is placed in an electric field of magnitude 2 10 N/C along the direction making 90 with...

The Applicants submitting marketing applications to disclose financial Cols of researchers who conducted clinical studies Researchers to annually self-disclose financial COIs to the FDA Organizations...

QS 15-3 Equity investments-non-strategic L03 On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50 per share. Sysco's intent is to sell the shares within...

Practice Test QS 15-3 Equity Investments-non-strategic Loa On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at 510.50 per share. Sysco's intent is to sell the...

On May 2, 2020, Systematic Industries Inc. acquired 1,200 common shares of Computer Gaming Corp. at $40.50 per share. Systematics intent is to sell the shares within eight to ten months. On August 7,...

Practice Test QS 15-3 Equity Investments-non-strategic L03 On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.00 per share. Sysco's intent is to sell the...

On May 2, 2023, Systematic Industries Inc. acquired 1,200 common shares of Computer Gaming Corp. at $40.50 per share (including a transaction fee of $50). Systematics intent is to sell the shares...

its just a case study i need to write what rec for the gates family and what are financial areas of concern CASE 9 TREVOR AND LINDA GATES CASE Today is January 1, 2017 INTRODUCTORY DATA Trevor and...

2) How many moles of Al2(SO4)3 can form under theseconditions? 3) How many moles of the excess reactant remain after thecompletion of the reaction? Course Home Review | Constants | Periodic Table ...

Meet curcumin, a main ingredient in turmeric, a delightful and fragrant spice with numerous benefits. HO. curcumin OH

( 8 ) Graph f ( x ) = { | x | i f x 0 2 x - 1 i f x > 1 What is the domain of f ? What is the range?

Specialization in manufactured goods is considered more beneficial to the nations economy rather than being competent in producing primary goods. With reference to history of Pakistans economic...

5. What is a realistic job preview, and how might LinkedIn be used by firms to provide such a preview to potential employees?

You are auditing Indian Imports Ltd for the year ended 31 December 2019. The company is incorporated in Australia and imports a variety of products from India. A significant proportion (15%) of...

Coffee Co. (Coffee or the Company), an SEC registrant, is an international coffee roaster that has both domestic and international subsidiaries. At year-end, before taking into account any impact...

2. dates from which we draw our recruits. is the term for the external pool of candi- 3. _involves filling job openings with current employees or people they know.

What are the implications for organisations in the current EU15 from widening the membership of the European Union?

Berry Corporation issued a $50,000, 10%, 10-year installment note payable on January 1, 2012. Payments of $8,137 are made each January 1, beginning January 1, 2013. Instructions (a) What amounts...

On January 1, 2012, the ledger of Kindt Company contained these liability accounts. Accounts Payable .........$42,500 Sales Taxes Payable .........6,600 Unearned Service Revenue .....19,000 During...

Knutson Product Inc. is involved in the production of airplane parts and has the following inventory, carrying, and storage costs 1. Orders must be placed in round lots of 100 units. 2. Annual unit...

Data was collected for 300 fish from the North Atlantic. The length of the fish (in mm) is summarized in the GFDT below. Lengths (mm) Frequency 140 - 143 1 144 - 147 16 148 - 151 71 152 - 155 108 156...

Happy Corp. is all-equity-financed. The expected rate of return on the company's shares is 15%. If the company recapitalizes by issuing debt and targets a 30% debt-to-total capital (D/((D+E)=.30),...