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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 $31 per share. On December 24th, Zulu Company paid dividends of $0.15 per share. The following were the year-end market values:

Company

FMV per Share

Yankee Company

$60

X-ray Company

15

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

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  • Reference No.:- M92582551
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