On November 23, the company purchased 9,500 shares of Citi Inc. at $27 per share for the purpose of trading. The shares are less than 7% of the total shares of Citi Inc. and are a non-strategic investment. By December 31, the price per share had gone up to $30 per share. 

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Answer Here are the journal entries for the companys purchase of 9500 shares of ... View the full answer