Easton Company prepares annual adjusting entries only.

Question 8 Alpha Corporation started the 2017 fiscal year with
May 5, 2020
The following accounts were among those reported on Luna Corp
May 5, 2020

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 1500 $44
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 $49
y company $15
z company $31

What the total dollar values that Towson Company should record for the Unrealized Gain or (loss) on Trading securities for 2018? enter a loss a negative number.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp
%d bloggers like this: