Question:35 Finch, Inc., purchases 1,000 shares of Bluebird Corporation stock on October 3, 2017, for $400,000. On December 12, 2017, Finch purchases an additional 750 shares of Bluebird stock for $280,000. According to market quotations, Bluebird stock is selling for $400 per share on 12/31/17. Finch sells 500 shares of Bluebird stock on March 1, 2018, for $224,000. What is Finch's recognized gain or loss from the sale of Bluebird stock on March 1, 2018, assuming the shares sold are from the shares purchased on December 12, 2017? In your computations, round the per share amount to the nearest whole dollar, and use the rounded amount in subsequent computations.

None

What is the true option general Accounting question

15

Godo

Need answer the financial accounting question

Harrison Co. purchases 5,000 of the 50,000 outstanding ordinary shares of Taylor, Inc for £500,000 on January 1, 2019. In 2019, Taylor earns a net income of £800,000 and pays cash dividends of £640,000. The market price per share was £132 on December 31, 2019, what is the investment balance at year-end? O a. 564,000 O b. 660,000 O c. 516,000 O d. 500,000

The Tornado Truck Body Company decides to repurchase 10,000 shares of its common stock on January 20.  The stock has $1 par value, and the market value per share of common stock on January 20 is $8.75.  The company decides to sell 5,000 of the treasury stock shares on April 30 for $9.00 per share.  What is the amount of the gain recognized as a result of the transaction? Group of answer choices A)$40,000 b)$0 c)$45,000 d)$1,250 e)None of the above

On Jan. 1, 2023 Apex Company purchases 30,000 shares of the common stock of Cary Industries for $2,000,000. Cary Industries has 100,000 shares of common stock issued and outstanding  As a result of this investment Apex is given 3 of the 8 seats on Cary's board of directors. For 2023 Cary reports net income of $350,000.  On  June 1 and Sept. 1 Cary Industries pays a dividend of $0.25 per share to its shareholders.  Required: At what amount should this investment be reported on Apex's balance sheet at Dec. 31, 2023?

Case A: On January 1, 2021, your company purchased 60,000 shares of Freeze Company's $10 par common stock for $26 per share in cash plus paid $10,000 of broker's fees. On that date, Freeze Company's assets and liabilities had a book value equal to market value except for their building which had a market value which was $80,000 higher than its book value and had a 20-year remaining life. 2021 a. Purchased 60,000 shares of Freeze Company's $10 par common stock for $26 per share in cash plus paid $10,000 in broker's fees.. b. Received $30,000 in cash dividends. On December 31, 2021: 1. Freeze Company's stock had a market value of $25 per share. с. 2. Freeze Company reported net income of $400,000. 2022 d. Received a 10% stock dividend. On December 31, 2022: 1. Freeze Company's stock had a market value of $24 per share. е. 2. Freeze Company reported net income of $500,000. Assume the 60,000 shares you purchased represented 30% of the outstanding shares of Freeze Company so you were using…