Characteristics of Well-functioning Markets

The balance sheet on December 31, 2008, is as follows: The following additional information is available: 1. Marketable securities consist of 2,000 shares of Bristol Inc. common stock. The market value per share of the stock is $8. The stock was pledged against a $20,000, 8 percent note payable that has accrued interest of $800. 2. ................
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