An investor purchased 50 shares of stock in a company for $50 per share. One year later, the investor sold all the shares for $2,600. What is the investor's rate of return? A. -3.8% C. 4.0% B. -4.0% D. 3.8%
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- Christopher bought 2,000 shares of a stock at P140.00 a share. A year later, he sold the stocks at P148.50 a share. How much money did he make on the sale excluding costs of buying and selling? Select one: O a. P280,000.00 O b. P297,000.00 c. P8,000.00 d. No answer e. P17,000.00An investor purchased a 162-dey, $10,000 00 T-bil on ts ise date for S0021.43. Ater holding it for 100 days she sold the T kor a yeld of 150% a) What wiss the original yieid of the T-b? (b) For what price was the T-bil sold? (e) What rate of roturn (per anun) did te invoslor realize while holding this T-b? (a) The original yeld of the T-bil wnso 70% (Round the final anser to Nwo decimal places an needed Round all intermediate values to six decimal places a nooded) (b) The Tbil sold forS (Round the fnal ans to he nearst cent as needed. Round all intermediate values to six deomal places as needed) (e) The vestor realed a rale ol cetun of (Round the lin areer to two decimal places as needed Round all intermediate values to six decimal places as nended)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…
- 5. Use the following information for the next three (3) questions: On July 1, 2021 Captain Universe Company declared as property dividends 10,000 shares held as investment in associate with carrying amount of P4,000,000. Cost of disposal is immaterial. Information on fair values is shown below: Date Fair Value July 1, 2021 P3,200,000 December 31, 2021 4,400,000 February 1, 2022 3,800,000 Questions: The entries on July 1, 2021 include all of the following except Group of answer choices A debit to retained earnings for P3,200,000 A debit to impairment loss for P800,000 A debit to non current asset held for disposal to owners for P4,000,000 A credit to property dividends payable for P3,200,000Randall pic is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Randall pc's profit for the year? Select one: a.$215,000 $80,000 c.$240,000 d.$265,000Fairbanks Corporation purchased 400 ordinary shares of Sherman Inc. as a trading investment for E13,200. During the year, Sherman paid a cash dividend of £3.25 per share. At year-end, Sherman shares were selling for £34.50 per share. How much total revenues (all revenues) should be recognized from this investment during the year? Select one: Oa. $1900 Ob. $700 OC $1300 Od. $600
- February 20, 2020: Lee Ranger purchased 100 shares of Pine Corp. stock for $30 a share. April 7, 2020: Lee sold 50 shares of Pine Corp. stock for $20 a share. April 24, 2020: Lee purchased 25 shares of Pine Corp. stock for $25 a share. What is the basis of the 25 shares purchased on April 24, 2020? $625 $875 $1,125 $750Shell product decided to raise additional financing by issuing common stock. The company received OMR6400 in exchange for OMR 1500 shares of OMR 1 par value common stock. By what amount should the additional paid-in capital account increase as a result of this transaction? Select one: a. OMR7900 O b. None of the options c. OMR3000 O d. OMR4900osidiary for 2021? b. P6,000 P5,000 d. P6,100 с. 3. Phantom Corp. has a 70% interest in the outstanding shares of Shalom Co. On January 1, 2022, Shalom Co. sold to Phantom a machinery for P360,000. The machinery was acquired by Shalom four years ago at P500,000, estimated life of 10 years. In 2022, Phantom and Shalom reported net income of P500,000 (cost method) and P200,000, respectively. amounted to P50,000. Dividends declared and paid by Shalom in 2022 Determine the consolidated net income for 2022. a. P525,000 b. P611,000 c. P615,000 d. P570,000 ntrolling interest in net income in 2022?
- Mahmoud Ma demic Calendar My MCBS Library English (en)- Course Documents ACT340/DI Test T Summer Session II 2021/ACT 340B/DT MNC Corporation purchased all of the outstanding stock of Caldwell Inc., paying $2,700,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current Assets (net) $420,000 $450,000 Property, Plant and Equipment (net) 1600,000 2250,000 Liabilities 500,000 600,000 MNC would record goodwill of: a. $1,180,000. en or background noiseProblem 4. Mr. X is an investor in ABC Corporation. In 2020, he has 1,000 shareholdings acquired at P120 per share classified as a capital asset. Mr. X uses FIFO in costing his investment holdings b. How much is the nondeductible loss in May? c. Supposing that all the remaining shares were liquidated in December 2021 at 130 per share, what would be the capital gain(loss) to be recognized.Oman Oil Company purchased 1,000 shares of Petroleum Company at OMR 0.100 per share as Available for Sale investment. At the end of the year, Petroleum shares fair value is at OMR 0.200 per share. How will Oman Oil record the gain or loss? a. Cr Other Comprehensive Income OMR 100 b. Dr Other Comprehensive Income OMR 100 c. Dr Loss OMR 100 d. Cr Gain OMR 100