On March 10, 2012, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for

On March 10, 2012, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for

On March 10, 2012, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for $50 per share. The following information pertains to the fair value of Superior Technologies stock: Per Share 12/31/2012 ……………….. $45 12/31/2013 ………………… 42 Required: Assume that management considers the stock to be available-for-sale securities. Prepare the journal entries required on each date given? View Solution:
On March 10 2012 Global Solutions Inc purchased 5 000 shares

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