You purchased some shares in Flying Dutchman.com on 12 August 2022, at price $67.41. On 09 November 2022 and 03 February 2023, Flying Dutchman.com paiddividends of $2.85 and $1.08, respectively. The price of the shares on 09 November 2022 was $65.85, while on 03 February 2023, it was $66.79. Finally, on 22 April2023, you sold the shares for $67.81. What was your holding period return over the time you owned Flying Dutchman.com?

Given, The purchase price is $67.41 The dividends paid are $2.85 and $1.08.

Answered: You purchased some shares in Flying…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 13RE

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You purchased some shares in FlyingDutchman.com on 26 August 2022, at price $54.86. On 28 January 2023 and 22 July 2023, FlyingDutchman.com paid dividends of $1.69 and $1.93, respectively. The price of the shares on 28 January 2023 was $56.73, while on 22 July 2023, it was $58.76. Finally, on 24 August 2023, you sold the shares for $60.05. What was your holding period return over the time you owned FlyingDutchman.com? 16.06% 15.67% 9.46% 14.89%
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. ) ₱ 2,000,000
A 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?
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During 2022, Merry Co. purchased the following shares which it classified as FVPL investment: Shares No. of Shares Cost per share at the time of purchase Fair value per share on December 31, 2022 A 1,000 P100 P80 B 5,000 P20 P25 C 10,000 P4 P5 What is the value of the FVPL investment on December 31, 2022?
Assume you purchased 1,000 shares of Pharma Group, a pharmaceuticals manufacturer, at the market's opening price of $22/share on January 4, 2019, and held the position for the following two years. Further assume you reinvested back into the stock at its closing price on that same day the dividends were paid [Note: you may assume you can hold fractional shares rounded to two decimal places]. You then sold the entire position at the closing price of $23.96 on January 3, 2021. Here are the dividends you received: Dividend Date Dividend per Share Stock's Closing Price May, 1, 2019 $0.299412 $19.49 April 29, 2020 $0.280880 $21.39 What was the holding period return of this position? What was the effective annualized return?
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Flexsteel acquired 1,000 shares of its $1 par value stock for $44 per share on April 4, 2019 and held these shares in treasury. On March 1, 2020, the company resold all the treasury shares for $40 per share. What is the journal entry would be recorded when Flexsteel resells the shares of treasury stock?
On January 1, 2023, Concord Corp. had 212,000 common shares outstanding. On April 1, 2023, 21,200 common shares were issued and on September 1, 2023, Bernard bought back 31,200 treasury shares. The market price of the common shares averaged $50 during 2023. The corporation’s income tax rate is 40%.During 2023, there were 31,200 call options to buy common shares at $40 a share outstanding; and there were 21,200, $7, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares.During 2022, the corporation had issued $1,950,000 of 9% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares.The corporation reported $810,000 net income for calendar 2023.Calculate diluted earnings per share for 2023. Complete the schedule below. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round earnings per share to 2 decimal places, e.g.…
If Frank Corporation sells 100,000 shares of its new $1 par value common stock to investors for $1 per share on June 1, 2011, the required journal entry would require: A debit to? A credit to?

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