Anita vasquez received 240000 from her mothers estate she

Assignment Help Accounting Basics
Reference no: EM13571944

Anita Vasquez received $240,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Anita's behalf


Common stock was purchased at a cost of $120,000. The stock paid no dividends, but it was sold for $260,000 at the end of four years.


Preferred stock was purchased at its par value of $18,000. The stock paid a 10% dividend each year for four years. At the end of four years, the stock was sold for $15,000.


Bonds were purchased at a cost of $102,000. The bonds paid $6,120 in interest every six months. After four years, the bonds were sold for $105,000.

Reference no: EM13571944


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd