Question 6
Bonita Company has the following portfolio of investment
securities at September 30, 2020, its most recent reporting
date.
Investment Securities
Cost
Fair Value
Horton, Inc. common (5,490 shares)
$230,580
$215,850
Monty, Inc. preferred (3,670 shares)
132,120
138,580
Oakwood Corp. common (920 shares)
171,120
170,090
On October 10, 2020, the Horton shares were sold at a price of $56
per share. In addition, 2,750 shares of Patriot common stock were
acquired at $57 per share on November 2, 2020....