Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 14 Mar 2018 My Price 5.00

Galileo Company

During 2016, its first year of operations, Galileo Company purchased two available-for-sale investments as follows:
Security Shares Purchased Cost
Hawking Inc. 890 $47,060
Pavlov Co. 1,830 35,880
Assume that as of December 31, 2016, the Hawking Inc. stock had a market value of $54 per share, and the Pavlov Co. stock had a market value of $22 per share. Galileo Company had net income of $303,800, and paid no dividends for the year ended December 31, 2016. All of the available-for-sale investments are classified as current asset
 
 

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Maurice Tutor
(5)
Status NEW Posted 14 Mar 2018 02:03 PM My Price 5.00

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