Question: Please help with 1 and 4. Show calculations Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record
Please help with 1 and 4. Show calculations
Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. 1. Purchased 6,000 common shares of Liu, Inc., at $12.25 cash per share. 2. Received a cash dividend of $1.50 per common share from Liu. 3. Year-end market price of Liu common stock is $11.25 per share. 4. Sold all 6,000 common shares of Liu for $66,300
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