Assessing Financial Statement Effects of Trading and Available-for-Sale Securities (a) Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Assume that these transactions occur in 2018. Purchased 6,000 common shares of Liu, Inc., at $12 cash per share. Received a cash dividend of $1.20 per common share from Liu. Year-end market price of Liu common stock is $11.25 per share. Sold all 6,000 common shares of Liu for $66,300.(b) Using the same transaction information as above, complete the financial statement effects template assuming the investments in marketable securities are classified as available-for-sale.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.