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36 Chapter 4 Accounting Concepts e. On December 1st 2020, UPMC bought 250 shares of XYZ Company stock worth $1,000 per share. On December 31st,

36 Chapter 4 Accounting Concepts e. On December 1st 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 31st, 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?
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e. On December 1st 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 31st, 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

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