3. What securities were purchased? We noticed that you had two separate transactions to purchase debt...
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3. What securities were purchased? We noticed that you had two separate transactions to purchase debt and equity securities, respectively. Are the securities recorded at market value on the books at year-end? Please provide a list of the securities, giving the original cost, the number of equity shares purchased, and the year-end market value of each investment so the we can verify the balance sheet values. We purchased preferred stock from Regional Electric Power (REP) and River Energy bonds, both over the counter. I recorded them at the amount we paid for them. The market values for each at year-end are listed in this schedule: Equity Shares REP Preferred Stock Bonds River Energy Bonds Number of Shares 1,800 Cost $ 204,000 Market Value $ 205,770 $ 100,000 $ 98,800 3. What securities were purchased? We noticed that you had two separate transactions to purchase debt and equity securities, respectively. Are the securities recorded at market value on the books at year-end? Please provide a list of the securities, giving the original cost, the number of equity shares purchased, and the year-end market value of each investment so the we can verify the balance sheet values. We purchased preferred stock from Regional Electric Power (REP) and River Energy bonds, both over the counter. I recorded them at the amount we paid for them. The market values for each at year-end are listed in this schedule: Equity Shares REP Preferred Stock Bonds River Energy Bonds Number of Shares 1,800 Cost $ 204,000 Market Value $ 205,770 $ 100,000 $ 98,800 3. What securities were purchased? We noticed that you had two separate transactions to purchase debt and equity securities, respectively. Are the securities recorded at market value on the books at year-end? Please provide a list of the securities, giving the original cost, the number of equity shares purchased, and the year-end market value of each investment so the we can verify the balance sheet values. We purchased preferred stock from Regional Electric Power (REP) and River Energy bonds, both over the counter. I recorded them at the amount we paid for them. The market values for each at year-end are listed in this schedule: Equity Shares REP Preferred Stock Bonds River Energy Bonds Number of Shares 1,800 Cost $ 204,000 Market Value $ 205,770 $ 100,000 $ 98,800 3. What securities were purchased? We noticed that you had two separate transactions to purchase debt and equity securities, respectively. Are the securities recorded at market value on the books at year-end? Please provide a list of the securities, giving the original cost, the number of equity shares purchased, and the year-end market value of each investment so the we can verify the balance sheet values. We purchased preferred stock from Regional Electric Power (REP) and River Energy bonds, both over the counter. I recorded them at the amount we paid for them. The market values for each at year-end are listed in this schedule: Equity Shares REP Preferred Stock Bonds River Energy Bonds Number of Shares 1,800 Cost $ 204,000 Market Value $ 205,770 $ 100,000 $ 98,800
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The securities purchased are REP Preferred Stock and River Energ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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