Question
This is a study of theoretical investments in shares of GameStop [NYSE:GME] stock over time. Below are facts to be utilized in responding to the
This is a study of theoretical investments in shares of GameStop [NYSE:GME] stock over time. Below are facts to be utilized in responding to the questions within.
| Date | Price/sh |
| 2/1/2021 | $ 225.00 |
| 2/16/2021 | $ 49.51 |
| 3/1/2021 | $ 120.40 |
| 3/15/2021 | $ 220.14 |
| 4/1/2021 | $ 191.45 |
| 6/1/2021 | $ 249.02 |
-
You have unrealized gain on your position in GME @ 3/15/21
(True/False)
True
False
-
What is the basis in the shs of GME that you hold at 6/1/21?
(multiple choice)
a. Realized gain of $1,914.50
b. $1,372.28
c. $1,914.50
d. $2,595.42
-
GameStop hasn't paid a dividend since 2019. Assuming GME's board of directors decided to pay a dividend of $0.40/share with an ex-date of 3/31/21, what would have been the amount and characterization of your dividend income?
(multiple choice)
a. $20 of non-qualified dividend income
b. $28 of qualified dividend income
c. $8 of qualified dividend income
d. $20 of qualified dividend income
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Financial Accounting SG
Authors: Meigs
7th Edition
0070422591, 978-0070422599
