During the fourth quarter of 2017, Alpha Company acquired the following trading

Question

During the fourth quarter of 2017, Alpha Company acquired the following trading securities: Date Company # of | Price per SharesShare 10/15 Yankee Company 1,000 $50 10/25 X-ray Company 1,000 35 10/31 Zulu Company 1,000 On November 10th, Alpha Company sold the X-ray Company stock for $31 per share. On December 24th, Zulu Company paid dividends of $0.15 per share. The following were the year-end market values: FMV per Share Company Yankee Copany$60 X-ray Company Zulu Company 15 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 1. Realized Gain/Loss during 2017 2. Unrealized Gain/Loss on Trading Securities for 2017 3. Dividend Income

Explanation / Answer

Purchase Sale Date Company No. of Shares Price Per Share Total Cost (A) Date No. of Shares Price Per Share Total Sale Value (B) Realized gain /(Loss) (B-A) 15-Oct Yankee Company 1000 50 50000             -                  -                         -                           -   25-Oct X-Ray Company 1000 35 35000 10-Nov 1000 31 31000          (4,000.00) 31-Oct Zulu Company 1000 26 26000             -                           -   A. Realized Loss               (4,000.00) Purchase FMV as ended 4th Quarter Date Company No. of Shares Price Per Share Total Cost (A) No. of Shares Price Per Share Total FMV Value (B) UnRealized gain /(Loss) (B-A) 15-Oct Yankee Company 1000 50 50000 1000 60 60000        10,000.00 31-Oct Zulu Company 1000 26 26000 1000 20 20000        (6,000.00) B. Yankee Company Unrealized Gain          10,000.00 Zulu Company Unrealized Loss          (6,000.00) C. Dividend Income Date Company No. of Shares Dividend Per Share Dividend Income 24-Dec Zulu Company 1000 0.15 150 Company Dividend Income Zulu Company 150

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