Cost of the securities purchased


Dayton Corporation purchased 1,000 shares of Kart common stock at $77 per share plus $2,000 brokerage fees as a short-term investment. The shares were subsequently sold at $80 per share less $3,400 brokerage fees. The cost of the securities purchased and gain or loss on the sale were?

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Accounting Basics: Cost of the securities purchased
Reference No:- TGS0692499

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