QUESTION 6:

During the fourth quarter of 2017, Alpha Company acquired the following trading securities:

DATE Company # of Shares Price per Share

10/15 Yankee Company 1,000 $50

10/25 X-ray Company 1,000 35

10/31 Zulu Company 1,000 26

On November 10th, Alpha Company sold the X-ray Company stock for $31 per share. On December 24th, Zulu Company paid dividends of $0.15 per share. The following were the year-end market 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 the brackets.)

1. Realized Gain/Loss during 2017

2. Unrealized Gain/Loss on Trading Securities for 2017

3. Dividend Income

ANSWER 6:

1. _____________________________

2. _____________________________

3. _____________________________

QUESTION 6: During the fourth quarter of 2017, Alpha Company acquired the following trading securities: DATE Company # of Shares Price per Share 10/15 Yankee Company 1,000 $50 10/25 X-ray Company 1,000 35 10/31 Zulu Company 1,000 26 On November 10th, Alpha Company sold the X-ray Company stock for $31 per share. On December 24 th, Zulu Company paid dividends of $0.15 per share. The following were the year-end market 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 the brackets.) 1. Realized Gain/Loss during 2017 2. Unrealized Gain/Loss on Trading Securities for 2017 3. Dividend Income ANSWER 6: 1. _____________________________ 2. _____________________________ 3. _____________________________