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 |
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 |
$41 |
Y Company |
15 |
Z Company |
21 |
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.
Get Answers For Free
Most questions answered within 1 hours.