PART 3: INVESTMENTS 25 POINTS 1) Green Services invests its excess cash in Creative Technologies...
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PART 3: INVESTMENTS 25 POINTS 1) Green Services invests its excess cash in Creative Technologies and acquires 1,300 shares for $22.50 Green Services owns less than 1% of Creative's voting stock and plans to hold the stock for two years. Journalize the transaction? 2) Aurum Services acquired 100.000 shares of Gamma Metals on January 1, 2018. Gamma declares a cash dividend of 0.25 per share on February 15, 2018 and pays the cash dividend on March 2, 2018. With the current investment, Aurum Services holds 8% of Gamma. Joumalize the dividend payment made on March 2, 2018 3) Glitter Services pays $700,000 for 100,000 shares to acquire 30% of voting stock of Grey Investments on January 5, 2018 Grey Investments declares and pays a cash dividend of S14 per share on June 14, 2018 Journalize the dividend payment made on June 14, 2018? 4) Jade Investments purchased 40% of the common stock of Ivory Corporation on March 1, 2018. Ivory Corporation reports a net income of $675,000 for the 2018 year. Journalize the entry to report the net income
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