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 #
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 | $40 |
9/25 | Y Company | 1,250 | 30 |
9/30 | Z Company | 1,000 | 28 |
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 | $45 |
Y Company | 15 |
Z Company | 31 |
What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.
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