During the fourth quarter of 2017, Alpha Company acquired the following trading securities: DATE Company # of
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Question:
During the fourth quarter of 2017, Alpha Company acquired the following trading securities:
DATE | Company | # of Shares | Price per Share |
10/15 | Yankee Company | 1,000 | $50 |
10/25 | X-ray Company | 1,000 | 35 |
10/31 | Zulu Company | 1,000 | 26 |
On November 10th, Alpha Company sold the X-ray Company stock for $30 per share. On December 24th, Zulu Company paid dividends of $0.25 per share. The following were the year-end market values.
Company | FMV per Share |
Yankee Company | $55 |
X-ray Company | 20 |
Zulu Company | 15 |
What the total dollar values that Alpha Company should record for the following: (Enter whole dollars only, for loss amounts enter the $ & value inside of the brackets.)
1. Realized Gain/Loss during 2017
2. Unrealized Gain/Loss on Trading Securities for 2017
3. Dividend Income
ANSWER:
1. _____________________________
2. _____________________________
3. _____________________________
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