Expert answer:Accounting Problem

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6)
During the fourth quarter of 2017, Alpha Company acquired the following trading securities:
Date
10/15
10/25
10/31
Company
Yankee Company
X-ray Company
Zulu Company
# of Shares
1,000
1,000
1,000
Price Per Share
$50
35
26
On November 10th, Alpha Company sold the X-ray Company stock for $31 per share. On December 24th,
Zulu Company paid dividends of $.015 per share. The following were the year-end market values:
Company
Yankee Company
X-ray Company
Zulu Company
FMV per share
$60
15
20
What are 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
…
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