Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

Date                            Company            # of Shares      Price per Share

8/15                            X Company         1,500                       $46

9/25                            Y Company         1,250                         30

9/30                            Z Company         1,000                         22

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

Company                    FMV per Share

X Company                         $51

Y Company                           15

Z Company                           23

What the total dollar values that Towson Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.

Answer rating: 100% (QA)

Easton Companys Unrealized Gain or Loss on Trading Securities for 2018 11500 1 Calculate the cost of ... View the full answer