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HTK Corp. purchnsed a put option on Mikio common shares on July 7, 20.pdf

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HTK Corp. purchnsed a put option on Mikio common shares on July 7, 20e0, for $520. The put opton ts for 350 sharos. and the strike proe is $50. The opton expires on dansary 31 . 5001 . Fhe foliowing data are avalablo with respect to the put option: Prepare the journal entrios for Brandon Corp, for the following dasos: a. July 7, 2020: invests in put option on Mikio shares. b. September 30, 2020: Brandon prepares tinaneial statements c. December 31, 2020: Brandon prepares financial stalements. d. January 31, 2021: put option expires:.

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HTK Corp. purchnsed a put option on Mikio common shares on July 7, 20e0, for $520. The put opton ts for 350 sharos. and the strike proe is $50. The opton expires on dansary 31 . 5001 . Fhe foliowing data are avalablo with respect to the put option: Prepare the journal entrios for Brandon Corp, for the following dasos: a. July 7, 2020: invests in put option on Mikio shares. b. September 30, 2020: Brandon prepares tinaneial statements c. December 31, 2020: Brandon prepares financial stalements. d. January 31, 2021: put option expires:

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