nvestment in Marketable Securities: a. Cal Corp. purchased 40,000…

nvestment in Marketable Securities:
a. Cal Corp. purchased 40,000 shares of Fay, Inc. common stock in exchange for 25,000 shares of its own $10 par common stock. Cal’s stock had a market price of $30 per share on a national stock exchange. Record the acquisition of Fay’s stock and issuance of the 25,000 shares of stock by Cal Corp.
b. Jacob purchases 8,000 shares of Key Corporation stock for $600,000. Prepare the book entry that Jacob would make to record the purchase
c. Ellie made two separate purchases of No. Corporations stock. Prepare the book entries for the two purchases. The first purchase was for 6,000 shares at a cost of $70,800. The second purchase was for 3,000 shares for $92,000
d. X Company made three purchases of Y Company stock. Record the three purchases. They purchase 50 shares for $2,500, then purchased 100 shares for $5,500, and finally, purchased 750 shares for $45,000.

Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount