Accounting help!!!!! please
Accounting help!!!!! please
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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