Problem - During the fourth quarter of 2017, Alpha Company acquired the following trading securities:
|
Date
|
Company
|
# of Shares
|
Price per Share
|
|
10/15
|
Yankee Company
|
1,000
|
$50
|
|
10/25
|
X-ray Company
|
1,000
|
35
|
|
10/31
|
Zulu Company
|
1,000
|
26
|
On November 10th, Alpha Company sold the X-ray Company stock for $29 per share. On December 24th, Zulu Company paid dividends of $1.15 per share. The following were the year-end market values:
|
Company
|
FMV per Share
|
|
Yankee Company
|
$45
|
|
X-ray Company
|
25
|
|
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