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ZTC Purchased Shares of W Common on the Following Dates

Question 73

Multiple Choice

ZTC purchased shares of W common on the following dates:  Purchases  Cash  January 1,500 shares at $3$1,500 March 30,200 shares at $2400 June 20,100 shares at $5500 August 30,50 shares at $7350\begin{array}{|l|r|}\hline \text { Purchases } &{\text { Cash }} \\\hline \text { January } 1,500 \text { shares at } \$ 3& \$ 1,500 \\\hline \text { March } 30,200 \text { shares at } \$ 2 & 400 \\\hline \text { June } 20,100 \text { shares at } \$ 5 & 500 \\\hline \text { August } 30,50 \text { shares at } \$ 7 & 350 \\\hline\end{array} The shares were designated FVTPL securities.ZTC then sold 150 of the March 30 shares that were purchased on September 9.The sale price was $7.00 per share.This sale should be recorded as follows (Round your intermediate calculations to two decimal places) :  ZTC purchased shares of W common on the following dates:  \begin{array}{|l|r|} \hline \text { Purchases } &{\text { Cash }} \\ \hline \text { January } 1,500 \text { shares at } \$ 3& \$ 1,500 \\ \hline \text { March } 30,200 \text { shares at } \$ 2 & 400 \\ \hline \text { June } 20,100 \text { shares at } \$ 5 & 500 \\ \hline \text { August } 30,50 \text { shares at } \$ 7 & 350 \\ \hline \end{array}  The shares were designated FVTPL securities.ZTC then sold 150 of the March 30 shares that were purchased on September 9.The sale price was $7.00 per share.This sale should be recorded as follows (Round your intermediate calculations to two decimal places) :   A) Choice 1 B) Choice 2 C) Choice 3 D) Choice 4


A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4

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