Accounting help!!!!! please

Posted on 2013-11-22 12:19:00 in Accounting by AMANDA

1.) an investor purchased 500 shares of common stock, 25 par, for $19,250. Subsequently, 100 shares were sold for $35 per share. What is the amount of gain on the sale ?



A.) $3,500 gain

B.) $350 gain

C.)$350 loss

D.) $500 loss



2.) When bonds held as long-term investments are purchased at a price other than the face value, the premium or discount should be amortized over the remaining life of bonds

A.) true

B.) false

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