Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 15) lord corporation purchased 2,000 shares of pri

15) Lord Corporation purchased 2,000 shares of Prince common stock ($50 par) at $73 per...

60.1K

Verified Solution

Question

Accounting

image
15) Lord Corporation purchased 2,000 shares of Prince common stock ($50 par) at $73 per (Apts) share as a short-term investment. The shares were subsequently sold at $77 per share. The cost of the securities purchased and gain or loss on the sale were Cost a. $100,000 b. $100,000 c. $146,000 d. $146,000 Gain or Loss $54,000 loss $54,000 gain $8,000 loss $8,000 gain B D

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The field of psychology addresses many facets of human behavior. In no less than one paragraph discuss...

Psychology
Q

You have two conducting plates with nothing in between them. Using a voltmeter, you measure the...

Physics
Q

How do index fossils help scientists establish how old rocks and other fossils are? In...

Biology
Q

A mass hanging from a spring undergoes vertical simple harmonic motion.Where in the motion is...

Physics
Q

2 3 ct Answer 1 Answer 4 E incorrect 21 21 21 10 to Bookmark...

Physics
Q

5 A Draw a diagram to show the energy changes in an oscillating simple pendulum...

Physics
Q

The price of a certain combo meal at different franchises of a national fast food...

Basic Math
Q

Find all complex solutions of 3x+2x+5=0.(If there is more than one solution, separate them with...

Basic Math
Q

65. The center of the inscribed circles of a triangle hasbeen established. Which point on...

Basic Math
Q

Required1:journal entry 1-9 Required2: Thanks for the help! ...

Accounting
Q

the second picture is just a continuation of the first part ...

Accounting
Q

Promotional Products (PP) manufactures and sells electronic accessories such as smartphone cases, flash drives, etc....

Accounting