BusinessFinanceQ&A Library(APPENDIX) INVESTMENTS IN TRADING SECURITIES Maxwell Company engaged in the following transactions involving short-term investments: a. Purchased 200 shares of Bartco stock for $12,800. b. Received a $1.60-per-share dividend on the Bartco stock. c. Sold 40 shares of the Bartco stock for $61 per share. d. Purchased 380 shares of Newton stock for $20,900. e. Received a dividend of $1.00 per share on the Newton stock. At December 31, the Bartco stock has a market value of $60 per share, and the Newton stock has a market value of $59 per share.

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(APPENDIX) INVESTMENTS IN TRADING SECURITIES

Maxwell Company engaged in the following transactions involving short-term investments:

a. Purchased 200 shares of Bartco stock for $12,800.

b. Received a $1.60-per-share dividend on the Bartco stock.

c. Sold 40 shares of the Bartco stock for $61 per share.

d. Purchased 380 shares of Newton stock for $20,900.

e. Received a dividend of $1.00 per share on the Newton stock.

At December 31, the Bartco stock has a market value of $60 per share, and the Newton stock has a market value of $59 per share.

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