A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. Received stock rights permitting the purchase of one share at P60 for every four shares owned on September 1. On this date, the rights had a market price of P3 each, and the market price of the stock ex-right was P72 per share. On Nov. 10, exercised 1,000 rights from the stock purchased March 20. If stock rights are not accounted for separately, how much is the increase in investments on March 20?

Q: Suppose you owned 1000 shares of stocks in ABC Corporation. You purchased the shares at a price of…

A: The sale price is the price at which the investor has sole their shares to the investor at the…

Q: You purchase 380 shares of stock at $37.60 per share. Several months later you sell the shares at…

A: Gain or loss will be the difference between to total purchase price and net proceeds Gain or loss…

Q: Jarvis Corporation makes an investment in 100 shares of Saxton Company's common stock. The stock is…

A: The objective of the question is to determine the correct accounting entry for Jarvis Corporation's…

Q: Assume you purchased 236 shares of XYZ common stock on margin at $85.29 per share from your broker.…

A: the amount borrowed from the broker is total amount less the initial margin

Q: In June an investor purchased 250 shares of Oracle (an information technology company) stock at $18…

A: The weighted mean share price refers to the average price that the investor pays for their holdings…

Q: your client purchased 100 shares od a security for $20 per share. at the end of year one she…

A: To calculate the time-weighted average return of the security, we can break down the investment into…

Q: Righty, Inc., entered into a stock subscription contract that called for the purchase by investors…

A: No of shares subscribed = 10,000 shares Par value of common stock = 10,000 x $ 10 = $100,000…

Q: On January 1, you sold short one round lot (that is, 100 shares) of Snow's stock at $20.00 per…

A: In short sell is virtual selling in which do not own stock but tends to buy later on with decrease…

Q: On September 12, 3,800 shares of Aspen Company are acquired at a price of $60.00 per share plus a…

A: Brokerage commission paid to purchase the shares will be added to the cost of the shares.

Q: please provide detailed solution and give the explanation of the concept..

A: The problem pertains to market orders. A market order is an instruction to a broker to buy or sell a…

Q: On

A:

Q: margin at $35 per share. $2000 is borrowed from the broker to complete the purchase. Determine the…

A: Margin account is to be opened with brokers to start trading in the market and to have open…

Q: a. On February 15, paid $160,000 cash to purchase GMI's 90-day short-term notes at par, which are…

A: J journal entries for each transaction involving both short-term and long-term investments of Cancun…

Q: 5000 shares of stock were purchased at $25 per share with a 5% broker commission.  The following…

A: a) Computation of Cost of Investment:

Q: XYZ Corp. has announced that it will take four rights to buy a new share in the offering at a…

A: A rights issue is a corporate finance strategy employed by publicly traded companies to raise…

Q: a) Record the journal entry for the initial transaction. b) What is the Journal entry at the time…

A: Any Excess amount received in excess of the Par Value of common Stock is known as Premium.

Q: On March 1st, Frank opens a brokerage account and sell shorts 200 shares of Doggie Treats Inc. at…

A: The margin requirement is the minimum amount that the investor needs to keep in the margin account.…

Q: You purchase 240 shares of stock at $37.60 per share. Several months later you sell the shares at…

A: given information  purchased price = 37.60 selling price = 33.10 total number of shares = 240 shares…

Q: 2) Andrew bought 10,000 shares of stock B at $2 per share. At the end of the year, he sold all the…

A: Ans.2) Number of shares in investment= 10,000 Purchase price per share = $2. Therefore, total value…

Q: Taylor bought x shares of a stock that sold for $31.50 per share. He paid a 2% commission on the…

A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…

Q: ABC bought 100 common shares of XYZ. The price paid was $ 40, per share, plus he paid $ 280 in…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: You purchase 280 shares of stock at $37.80 per share. Several months later you sell the shares at…

A: Total number of stocks purchased is 280 Purchase price per share is $37.80 Selling price per share…

Q: On January 1, Star Corp sold 10,000 shares of stock at $26 per share. Later in the year, Star Corp…

A: Treasury stock is a contra-equity account that represents the company's own shares that it has…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.