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(Solved) : Nosker Inc Following Transactions Pertaining Investments Common Stock Jan 1 Purchased 4 80 Q34215696

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Answer to Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,800 shares of E…

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Nosker Inc. had the following transactions pertaining toinvestments in common stock.

Jan. 1 Purchased 4,800 shares of Escalante Corporation common stock(7%) for $291,840 cash.
July 1 Received a cash dividend of $4 per share.
Dec. 1 Sold 960 shares of Escalante Corporation common stock for$61,440 cash.
Dec. 31 Received a cash dividend of $4 per share.

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