During 2022, Roberto sold 830 shares of Casual Investor Mutual fund for $8.875 per share. The shares were purchased on thefollowing dates:DateMay 31, 2018September 18, 2019October 21, 2019Shares400Price$ 9.375225$ 8.500425$ 10.000276$ 7.125January 12, 2021Required:Calculate the gain (loss) on the sale under the following assumptions:a. Basis is calculated using the first-in, first-out method.Note: Round your intermediate computations and final answer to 2 decimal places.b. Basis is calculated using the average cost method (assume all shares are long-term).Note: Round "Average cost" to 3 decimal places. Round other intermediate computations and final answer to 2 decimal places.ab.

Shares The capital of the company divided into small units is called a share. Each share is given a…

Answered: During 2022, Roberto sold 830 shares of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Hw.142.
On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $256,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,600, for $31,800. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $11,700 during the year. On December 31, 2020, Simon's portfolio had a market value of $245,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) C Simon's portfolio HPR during the year ended December 31, 2020, is%. (Round to two decimal places.)
Carlos purchased 2,000 shares of a common stock last June 2017 for Php 3,200,000. In June 2018, he then sold 1,000 shares of the common stock for Php 1,800 per share. The remaining 1,000 shares were finally sold for Php 2,000 per share in June 2019. What was Carlos's internal rate of return (IRR) on this investment? Use spreadsheet solution.
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?
1. Billy sells stock for $25,000 on August 30, 2021. Billy's adjusted basis is the stock is $18,000. a. If Billy acquired the stock on December 31, 2016, calculate the amount and nature of the gain b. If Billy acquired the stock on September 30, 2020, calculate the amount and nature of the gain
How would I report the following dividends on the form 8949 and schedule D On January 3, 2021, Dave repurchased the exact number of shares he sold on December 29, 2020. Purchased Sold Sale Price Basis Gain/Loss Dell (held 9 month) 12/01/19 09/01/20 $ 15,000 $ 9,000 $ 6,000 Pepsi (held 4 month) 09/01/20 12/29/20 17,000 25,000 (8,000) IBM (held 30 month) 06/05/18 12/05/20 38,000 20,000 18,000
On January 1, 2020 Excellence Company made various investments in trading securities with the following cost and market value on December 31, 2020: Cost 200,000 800,000 1,000,000 Market value One preference share Two ordinary share Three ordinary share 150,000 950,000 1,100,000 On January 20, 2021, the Two ordinary share is sold for P1,020,000. On December 31, 2021, the remaining trading securities have the following Market value: Market value One preference share Three ordinary share 200,000 1,070,000 Required: a.) Gain on sale on January 20, 2021 b.) Unrealized gain or loss be reported to the Income Statement for the Year- ended December 31, 2021
Mr. Smith had the following stock transactions: - Purchase of 100 shares of AXI Corporation on September 21, 2021 for $5,000. - Purchase of 50 shares of substantially identical stock on December 21, 2021 for $2,750. -Purchase of 25 additional shares of such stock on December 26, 2021 for $1,125. - On January 2, 2022, sold for $4000 the 100 shares purchased on September 21, 2021. Question: How much is the nondeductible loss? Explain briefly.
Nico bought 100 shares of a company's stock for $22.00 per share on January 1, 2018. He received a dividend of $2.00 per share at the end of 2018 and $3.00 per share at the end of 2019. At the end of 2020, Nico collected a dividend of $4.00 per share and sold his stock for $18.00 per share. What was Nico's realized holding period return?
Nico bought 100 shares of Cisco Systems stock for R24.00 per share on January 1, 20019. He received a dividend of R2.00 per share at the end of 2020 and R3.00 per share at the end of 2021. At the end of 2021, Nico collected a dividend of R4.00 per share and sold his stock for R18.00 per share. What was Nico's realized holding period return? A. -12.5% B. +12.5% C. -16.7% D. +16.7%
William accounts for its investment in Baker Company under the equity method. William carried the Baker investment at $150,550 and $165,350 at December 31, 2020, and December 31, 2021, respectively. During 2021 Baker recognized $75,100 of net income and paid dividends of $20,350. Assuming that William owned the same percentage of Baker throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent):
On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $263,000 At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,400, for $31,000. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $12,100 during the year. On December 31, 2020, Simon's portfolio had a market value of $246,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2020, is %. (Round to two decimal places.)

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS