Alpha Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2017, Alpha Company acquired the following trading securities:
Alpha Company
prepares annual adjusting entries only. During the third quarter of Fiscal Year 2017, Alpha Company acquired the following trading securities: Date Company # of Shares Price per Share 15-Aug Yankee Company 1,500 $50 25-Sep X-ray Company 1,250 30 30-Sep Zulu Company 1,000 26 On November 10th, Alpha Company sold the X-ray Company stock for $31 per share. On December 15th, Zulu Company paid dividends of $0.12 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
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