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Martex Inc. has 560,000 shares outstanding. Information on their issuance is as follows: Shares Issue Total Date Issued Price Proceeds January, 2018 400,000 $16 $6,400,000
Martex Inc. has 560,000 shares outstanding. Information on their issuance is as follows:
Shares Issue Total
Date Issued Price Proceeds
January, 2018 400,000 $16 $6,400,000
June, 2019 160,000 $18 $2,880,000
Totals 560,000 $9,280,000
Joan Fox acquired 10,000 shares of the 2018 issue and 5,000 shares of the 2019 issue.
Required Determine the adjusted cost base per share, as well as the total PUC of Joans shares.
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