While flipping ahead in a textbook (Kieso, Donald; Weygandt, Jerry; Warfield, Terry; Young, Nicola; Wiecek, Irene. Intermediate Accounting, Volume 1, 8th Canadian edition. John Wiley & Sons Canada, Ltd. 2007) for an accounting course I am taking, I saw the following problem on page 557:
Arantxa Corporation made the following cash purchases of investments during 2008, the first year in which Arantxa invested in equity securities:
- On January 15, purchased 10,000 shares of Sanchez Corp.’s common shares….
- On April 1, purchased 5,000 shares of Vicario Corp.’s common shares….
- On September 10, purchased 7,000 shares of WTA Corp.’s preferred shares….
When it comes to fictional companies, this is like totally creative naming, right?