Nixon Company purchased 10,000 shares of Kostas Company as - 14646

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Sat 03 Nov, 2012
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Request Description

 

Nixon Company purchased 10,000 shares of Kostas Company as an available-for-sale security at $45 per share. Brokerage fees amounted to $1,000 and transfer taxes were $750. The investment should be recorded at

Answer

 

$450,000

 

$450,750

 

$451,000

 

$451,750

 

Solution Description

 

Nixon Company purchased 10,000 shares of Kostas Company as an available-for-sale security at $45 per share. Brokerage fees amounted to $1,000 and transfer taxes were $750. The investment should be recorded at

Answer