(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.
(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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