Your friend Cindy bought 100 shares of ABC Inc. stock on January 20th at $12.05 per share. ABC Inc. declared a$0.60 per share dividend on February 24th, with a record date of Friday, March 24th, and a payment date of April15th. Cindy sold her 100 shares on Wednesday March 22nd at a price of $13.80 per share. According to the currentTSX rules, ex-dividend date is one business day prior to the record date, how much would Cindy make on thisinvestment?$115$147$175$235$11713O SearchD

The objective of the question is to calculate the total amount Cindy made from her investment in ABC…

Answered: Your friend Cindy bought 100 shares of…

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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Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31. What is the ex-dividend date?
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2) Andrew bought 10,000 shares of stock B at $2 per share. At the end of the year, he sold all the shares at $2.50 per share. The transactions payable for share transactions in Singapore are: Clearing fee Trading access fee Brokerage commission 0.0325% 0.0075% 0.2800% In addition to the above cost, Andrew has to pay GST of 7% on the total transaction cost (i.e. sum of clearing fee, trading access fee and brokerage commission). Calculate Andrew's profits in dollars and return.
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On March 5, Jerald Corporation purchased 7,000 shares of its own common stock for $56,000. On July 17, Jerald Corporation reissued 900 shares of this treasury stock for $6,300. Prepare the March 5 journal entry and the July 17 entry to record the purchase and reissuance of Jerald's treasury stock. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial 10pt V Ix % 0 as d
On February 15, Jewel Company buys 7,500 shares of Marcelo Corp. at $28.58 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.36 per share. The fair value of the remaining shares is $29.56 per share. The impact on Jewel's net income as a result of its investment in Marcelo Corp, was a(n): Multiple Choice Increase to income of $15.600 Increase to income of $9,000 Increase to income of $11.925 Decrease to income of $9.000 Decrease to income of $6,075
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An investor purchased 100 shares of Mallard common stock at $20 per share on March 15 of Year 1. On December 31 of Year 1, the stock was quoted at $19 per share and Mallard declared and paid a dividend of $1.50 per share. On June 5 of Year 2, the investor sold all 100 shares for $22 per share. On December 31 of each year, the Fair Value Adjustment account is adjusted. Assuming the investment is measured at FV-NI, provide the journal entries to be made at each of the following dates. a. March 15, Year 1. b. December 31, Year 1. c. June 5, Year 2. d. December 31, Year 2. Note: If a journal entry isn't required for the transaction, select "N/A—Debit" and "N/A―Credit" as the account names and leave the Dr. and Cr. answers blank (zero). Date Account Name (a) Mar. 15, Year 1 Investment in Stock Cash (b1) Dec. 31, Year 1 (b2) Dec. 31, Year 1 (c) June 5, Year 2 To record investment purchase. Cash Dividend Revenue To record dividends. Unrealized Gain or Loss-Income Fair Value Adjustment-Equity…
On December 10, Daniel Co. split its stock 5-for-2 when the market value was $65 per share.Prior to the split, Daniel had 200,000 shares of $15 par value stock. After the split, the par valueof the stock was
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On June 13, the board of directors of Siewert Incorporated declared a 2-for-1 stock split on its 80 million, $2.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Plz don't copy answer plz

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