Question: On December Ist 2 0 2 0 , UPMC bought 2 5 0 shares of XYZ Company stock worth $ 1 , 0 0 0

On December Ist 2020, UPMC bought 250 shares of XYZ Company stock worth $1,000 per share. On December 31st,2020, the same stock closed at a price of $900 per share and on December 3lst,2021, the stock closed at a price of $1,200. How much would we record for the total value of stocks as of December 31st,2020?
What value would be recorded on
December 31,2021?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1. Help Jenny to forecast dividend payments for Reeby Sports and to estimate the value of the stock. You do not need to provide a single figure. For example, you may wish to calculate two figures,...

Q:

plz answer Section I: Five (5) Multiple-Choice Questions (5 marks - 1 mark each) Highlight AND underline your response. 1) Samantha and Samuel both have student credit cards issued by VISA. Their...

Q:

For the following examples, state what the correct value is and what accounting concept justifies your answer: a. NYU Health bought a magnetic resonance imaging (MRI) machine worth $1,500,000, but...

Q:

For the following examples, state what the correct value is and what accounting concept justifies your answer: a . NYU Health bought a magnetic resonance imaging ( MRI ) machine worth $ 1 , 5 0 0 , 0...

Q:

DATE TRANSACTIONS Jan 1 Issued 50,000 shares of $3 par value common stock at a price of $18 per share. Jan 1 Issued 10,000 shares of $10 par value, 6% preferred stock at a price of $50 per share. Jan...

Q:

Need help with journal entry and trial balance TRANSACTIONS Jan 1 Issued 50,000 shares of $3 par value common stock at a price of $18 per share. Jan 1 Issued 10,000 shares of $10 par value, 6%...

Q:

Is there an answer key for thisassignment from course hero documents? Course Hero Document --- Ch 13 Quiz Student (Int II) Ch 13 Quiz Multiple Choice Identify the choice that best completes the...

Q:

Meghan, age 39, and Harry, age 37, are US citizens who were married in May 2018. They live together in California with their two-year old son, Archie, and provide all of his support. Meghan and Harry...

Q:

QUESTIONS On December 21, 2020, you purchased 100 shares of ABC company at $11 per share. You plan to sell your shares on December 21, 2021 and are concemed about downside risk. A put option on ABC...

Q:

Question 2 3.09 pts On December 21, 2020, you purchased 100 shares of ABC company at $11 per share. You plan to sell your shares on December 21, 2021 and are concerned about downside risk. A put...

Q:

QUESTIONS On December 21, 2020. you purchased 100 shares of ABC company at $11 per share you plan to sell your shares on December 21, 2021 and are concerned about downside risk A put option on ABC...

Q:

1. For the following data set, representing a sample, Find a: the mean, median, mid-range, mode, first quartile, second quartile, third quartile, interquartile range, and draw a box plot. b: the...

Q:

Consider community safety or defense, meaning freedom from crime and threats, to answer the following questions. a. What sort of good is community safety? b. If you lived in a place with no...

Q:

Hello, may I please get some help solving this question? Please be detailed as well! Thank you

Q:

Watch the following video clips of DB Schenker's future vision of logistics. DB Schenker exploring the future of logistics https://www.youtube.com/watch?v=8O0D v8ss0g&t=80s&ab_channel=DBSchenker Next...