1. Use the trading data for Friday, October 20 and Friday, October 27 to answer the questions. Discovery Inc. October 27 Last Trade Time Chg Open 52-week High 52-week Low Discovery Inc. October 20 Last Trade Time Chg Open 52-week High 52-week Low Sales in 100s High Low $38.50 4:00 P.M. ET $1.56 $37.22 $76.19 $22.78 19,700 $40.10 $36.77 Sales in 100s High Low $42.00 4:00 P.M. ET $1.50 $42.50 $76.19 $22.78 23,600 $42.50 $42.00 a. What was the difference between the high and the low prices on October 20? $3.33 b. On October 27, what was the actual volume of Discovery Inc. shares posted? Write the volume in numerals. 2,360,000

1. Use the trading data for Friday, October 20 and Friday, October 27 to answer the questions. Discovery Inc. October 27 Last Trade Time Chg Open 52-week High 52-week Low Discovery Inc. October 20 Last Trade Time Chg Open 52-week High 52-week Low Sales in 100s High Low $38.50 4:00 P.M. ET $1.56 $37.22 $76.19 $22.78 19,700 $40.10 $36.77 Sales in 100s High Low $42.00 4:00 P.M. ET $1.50 $42.50 $76.19 $22.78 23,600 $42.50 $42.00 a. What was the difference between the high and the low prices on October 20? $3.33 b. On October 27, what was the actual volume of Discovery Inc. shares posted? Write the volume in numerals. 2,360,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11P: Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1,...

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