Samantha Puff is the controller for Hedgehog, Inc. Samantha has gathered the following information for the month of July:
Determine Hedgehog, Inc.'s:
a. Net sales
b. Net purchases
Definitions:
Dividends
Payments made out of a company's earnings to its shareholders, based on the number of shares held.
Trading Securities
Trading securities are investments in debt or equity that a company plans to actively buy and sell to generate profit from short-term fluctuations in their prices.
Held To Maturity
An accounting classification for debt securities that a company intends and is able to hold until they mature.
Accrued Interest
Interest that has been incurred but not yet paid over a specified period, typically relating to bonds or loans.
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