SlideShare a Scribd company logo

On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 .pdf

•
•
J
jaswinderakal

On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): $8,806. $3,382. $2,372. $11,178. $6,763. On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): Solution $3382 stock invetment = 7400*28.57 +415) = $211,833 Price per share = $211,833/7400 = $28.626081 Difference between fair value and cost= $29.54 - $28.626081 =$.913919 = $.913919*7400 = $3382.

Education
1 of 1
Download to read offline
On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): $8,806. $3,382. $2,372. $11,178. $6,763. On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): Solution $3382 stock invetment = 7400*28.57 +415) = $211,833 Price per share = $211,833/7400 = $28.626081 Difference between fair value and cost= $29.54 - $28.626081 =$.913919 = $.913919*7400 = $3382

Recommended

On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfOn October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfjaswinderakal
 
On April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfOn April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfjaswinderakal
 
On April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfOn April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfjaswinderakal
 
On a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfOn a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfjaswinderakal
 
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfOn June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfjaswinderakal
 
On July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfOn July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfjaswinderakal
 
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfOn July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfjaswinderakal
 
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfOn January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfjaswinderakal
 

Recommended

On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfOn October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfjaswinderakal
 
On April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfOn April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfjaswinderakal
 
On April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfOn April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfjaswinderakal
 
On a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfOn a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfjaswinderakal
 
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfOn June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfjaswinderakal
 
On July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfOn July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfjaswinderakal
 
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfOn July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfjaswinderakal
 
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfOn January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfjaswinderakal
 
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfjaswinderakal
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfjaswinderakal
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfjaswinderakal
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfjaswinderakal
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfjaswinderakal
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfjaswinderakal
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfjaswinderakal
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfjaswinderakal
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfjaswinderakal
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfjaswinderakal
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxRAM LAL ANAND COLLEGE, DELHI UNIVERSITY.
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University of Engineering & Technology, Jamshoro
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxDenish Jangid
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 

More Related Content

More from jaswinderakal

On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfjaswinderakal
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfjaswinderakal
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfjaswinderakal
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfjaswinderakal
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfjaswinderakal
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfjaswinderakal
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfjaswinderakal
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfjaswinderakal
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfjaswinderakal
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfjaswinderakal
 

More from jaswinderakal (10)

On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdf
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
 

Recently uploaded

Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxDenish Jangid
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxVishalSingh1417
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...christianmathematics
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 

Recently uploaded (20)

Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 

On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 .pdf

  • 1. On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): $8,806. $3,382. $2,372. $11,178. $6,763. On February 15, Seacroft buys 7,400 shares of Kebo common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.19 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 15 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270 . The fair value of the remaining shares is $29.54 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is(Round your intermediate and final dollar values to the nearest dollar amount): Solution $3382 stock invetment = 7400*28.57 +415) = $211,833 Price per share = $211,833/7400 = $28.626081 Difference between fair value and cost= $29.54 - $28.626081 =$.913919 = $.913919*7400 = $3382