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If the owner of 200 shares sells his or her stock, the trade is said to have occcured in the ___________market.
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- Use the same facts as in RE 16-3, but instead assume that Pickens declares and issues a 50% stock dividend when the stock is selling for 30 per share. Prepare the journal entry on the date of declaration to record Pickenss stock dividend.If the owner of 200 shares sells his or her stock, the trade is said to have occurred in the ___________marketGiven the image: If an investor purchased 150 shares of Sunoco stock at $83.43 and the brokers commision was 2.5%, what is the amount of the commision and the total cost of the purchase?
- Indicate whether the following statements are true or false. If the statementis false, explain why.b. If you own 100 shares in a company’s stock and the company’s stocksplits 2-for-1, then you will own 200 shares in the company followingthe split.If you wish to purchase 50 ANZ Ltd. shares that another individual is selling, this would take place in the: Select one: a. wholesale market b. primary market c. secondary market d. money marketWhen an investor owns between 20% and 50% of outstanding stock of another company and has significant influence the method is used to account for stock investments
- Given that Local Care, Inc.'s stock is currently selling for $65 a share, calculate the amount of money that Elijah Pearson will make (or lose) on each of the following transactions. Assume that all transactions involve 100 shares of stock, and ignore brokerage commissions. Input all answers as positive values. He short-sells the stock and then repurchases the borrowed shares at $85.Total of $ . He buys the stock and then sells it some time later at $85.Total of $ . He short-sells the stock and then repurchases the borrowed shares at $50.Total of $ .Mr. Anton ordered to his stockbroker to buy 1,000 Ayala Land shares at a market price of P36.00/share. His stockbroker executed the order and the transaction was done during the day. How much should Mr. Antonr pay to his broker on settlement date assuming that his stockbroker charge him a commission fee of 1/4 of 1%, and Mr. Anton requested that the shares be registered under his name. a. 36,270.22 b. 36,108.22 c. 36,158.22 d. 36,179.90Walton decided to issue additional new common stock. Mr. Adib Rahman, an individual investor purchased 100 shares of this stock from Munawar Associates, the underwriter. Would this transaction be a primary or a secondary market transaction? If Mr. Adib Rahman purchased previously outstanding Walton stock from another investor, then which financial market will this transaction be traded in?
- On October 17, 2021, LILAC Corporation exchanged 20,000 shares of its ₱200 par value stock for land. A few months ago, the land was appraised by an independent appraiser at ₱5,000,000. The land had an initial cost of ₱4,500,000. LILAC is currently trading at the stock exchange at ₱300. How much should be credited to Share Premium upon the issuance of the shares? Choose answer, either a or b. Show solution in good accounting form. a.) ₱ - 0 - b. ) ₱ 2,000,000A hypothetical investor purchased 200 shares of Amazing Corp. common stock at a per share price of $30.00 on July 2, 2020. The same investor then sold 100 shares of the investment, on Sept. 3, 2020 at $19.00 per share. The same investor subsequently sold the remaining 100 shares of the initial investment, for $57.00 per share on April 7, 2021. All of the transactions were executed through the same broker that charged a 1% commission on the value of each of the trades. Find the (Show your Calculations):a) Total amount of commissions the investor paid on all of the transactions? b) Proceeds on all of the transactions?c) Amount of profit (or loss) made by the investor on the entire transaction?Included were stock options to buy more than 800,000 shares of NEV stock. How will the options affect NEV’s compensation expense?