Oct . 1 Sold 1,200 shares of Norton stock for $ 24,000 less brokerage fees of $ 600 .
The entry to record the purchase of the Norton stock would include a credit to Cash for $ 48,800 . debit to Stock Investments for $ 48,800 . debit to Stock Investments for $ 50,200 . debit to Investment Expense for $ 1,400 . 7- Multiple Choice Question 94
Mission Inc . earns $ 450,000 and pays cash dividends of $ 150,000 during 2013 . Cox Corporation owns 70,000 of the 210,000 outstanding shares of Mission .
How much revenue from investment should Cox report in 2013 ? $ 150,000 $ 200,000 $ 50,000 $ 100,000 8- Multiple Choice Question 138
Which of the following reasons best explains why a company that experiences seasonal fluctuations in sales may purchase investments in debt or stock securities ?