None One year ago, you purchased 100 shares of stock in Yellow Steelfor $4,400. Since purchasing you received $250.00 in dividendsfrom this investment. Today, you sold all of your shares for$7,600. What is the total dollar amount you cleared on thisinvestment?

To calculate the total dollar amount you cleared on this investment, you need to consider both the…

Answered: One year ago, you purchased 100 shares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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General Accounting
In you cash account, you buy 100 shares of XYZ Corporation at a price of $10 per share. Two months later, XYZ pays a dividend $0.21 per share. You sell all 100 shares of XYZ three months later at a price of $12 per share. What is your capital gain on this trade?
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One year ago, you purchased 100 shares of stock in Yellow Steel for $4,400. Since purchasing you received $250.00 in dividends from this investment. Today, you sold all of your shares for $7,600. What is the total dollar amount you cleared on this investment?