Question
Alpha Company prepares annual adjusting entries only. During the 3rd quarter of the fiscal year 2017, Alpha company acquired the following trading securities: Date Number
Alpha Company prepares annual adjusting entries only. During the 3rd quarter of the fiscal year 2017, Alpha company acquired the following trading securities:
Date Number of Shares: # of shares: Price Per Share:
8/15/17 Yankee Company 1,500 $50
9/25 X-Ray Company 1,250 $30
9/30 Zulu Company 1,000 $26
On November 10 2017, Alpha company sold the X-ray stock at $31 per share. On December 15, 2017 Zulu company paid dividends of $0.12 per share. The following were the end of year values:
Company: FMV Per Share:
Yankee Company $60
X-Ray Company 15
Zulu Company 20
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 brackets.)
- Realized Gain/Loss during 2017:
2.Unrealized Gain/Loss on trading securities for 2017:
3.Dividend income:
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