On August 1, 2018, Towson Corp., declared a 10% stock dividend
On August 1, 2018, Towson Corp., declared a 10% stock dividend
on its common stock when the market value of the common stock was $15 per share. The balance in the common stock account, before the stock dividend was declared, was $1,200,000. The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital – common stock on August 1, 2018?2) 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 $48
9/25 Y Company 1,250 30
9/30 Z Company 1,000 24
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 $43
Y Company 15
Z Company 25
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.
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