CourseLover

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Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 07 Dec 2017 My Price 10.00

record Paddy's sale of the Ford Motor Company

Paddy's Pub owns 4,000 shares of Ford Motor Company which they paid $14 per share for on March 2011. On Dec. 31 2011 (the day Paddy's closes their reporting period for 2011) Ford Motor Company shares had a closing price of $18 per share. On February 3, 2012, Paddy's Pub sold their shares of Ford Motor Company for $28 per share. Prepare the journal entry to record Paddy's sale of the Ford Motor Company shares on 2/3/2012. Assume this investment is treated as trading securities.

Answers

CourseLover
(12)
Status NEW Posted 07 Dec 2017 06:12 AM My Price 10.00

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