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    Exam 12: Reporting and Analyzing Investments
  5. Question
    Hankers Corporation Buys 1,500 Shares of Viggo Ltd
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Hankers Corporation Buys 1,500 Shares of Viggo Ltd

Question 40

Question 40

Short Answer

Hankers Corporation buys 1,500 shares of Viggo Ltd.'s common shares as a trading investment.The shares are purchased for $45 a share.At year end the shares are trading at $48.The adjusting entry at year end is .
Hankers Corporation buys 1,500 shares of Viggo Ltd.'s common shares as a trading investment.The shares are purchased for $45 a share.At year end the shares are trading at $48.The adjusting entry at year end is .

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