ZTC Purchased Shares of W Common on the Following Dates

question 85

Multiple Choice

ZTC purchased shares of W common on the following dates: $\begin{array}{|l|r|}\hline \text { Purchases } &{\text { Cash }} \\\hline \text { January } 1,500 \text { shares at } \$ 3& \$ 1,500 \\\hline \text { March } 30,200 \text { shares at } \$ 2 & 400 \\\hline \text { June } 20,100 \text { shares at } \$ 5 & 500 \\\hline \text { August } 30,50 \text { shares at } \$ 7 & 350 \\\hline\end{array}$ The shares were designated FVTPL securities.ZTC then sold 150 of the March 30 shares that were purchased on September 9.The sale price was $7.00 per share.This sale should be recorded as follows (Round your intermediate calculations to two decimal places) :

• A)Choice 1
• B)Choice 2
• C)Choice 3
• D)Choice 4

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