Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company
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Question:
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
25
What the total dollar values that Easton Company should record for theUnrealized Gain or (Loss) on Trading Securities for 2018?Enter a Loss as a negative number.
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