I have done table 1 and 2, but I dont think table 2 is right, please help me che
ID: 2417041 • Letter: I
Question
I have done table 1 and 2, but I dont think table 2 is right, please help me check table 2 and do table 3. thanks.
Grass Security, which began operations In 2013, Invests in long-term avallable-for-sale securitles. Following is a serles of transactions and events determining its long-term Investment activity 2013 Jan. 20 Feb. 9 June 12 Dec. 31 Purchased 1,800 shares of Johnson & Johnson at $21.30 per share plus a $320 commission. Purchased 2,000 shares of Sony at $47.00 per share plus a $305 commission. Purchased 2,300 shares of Mattel at $27.80 per share plus an $275 commission. Per share falr values for stocks In the portfolio are Johnson & Johnson, $22.30; Mattel, $31.70; Sony, $38.80 2014 Apr. 15 July 5 July 22 Aug. 19 Dec. 31 Sold 1,800 shares of Johnson & Johnson at $24.30 per share less a $605 commisslon. Sold 2,300 shares of Mattel at $24.70 per share less a $315 commission. Purchased 1,400 shares of Sara Lee at $23.30 per share plus a $560 commission. Purchased 1,700 shares of Eastman Kodak at $17.80 per share plus a $278 commission. Per share falr values for stocks in the portfollo are: Kodak, $20.05; Sara Lee, $20.80; Sony $35.80 2015 Feb. June June Aug. Nov. Dec. 27 21 30 3 1 31 Purchased 3,200 shares of Microsoft at $67.80 per share plus a $605 commission. Sold 2,000 shares of Sony at $48.80 per share less a $960 commisslon. Purchased 2,200 shares of Black & Decker at $36.80 per share plus a $515 commission. Sold 1,400 shares of Sara Lee at $17.05 per share less a $515 commission. Sold 1,700 shares of Eastman Kodak at $23.55 per share less a $705 commission. Per share falr values for stocks In the portfollo are: Black & Decker, $39.80; Microsoft, $69.80Explanation / Answer
As on Dec 31, 2013:
There is no relaised gain since the shares purchsed have not been sold.
Realised Loss (Commission) = Rs (300+320+275) = Rs 895
Unrealised gain is :
As on Dec 31, 2014,
Realised Gain/ (Loss) is
Unrealised gain is :
As on Dec 31, 2015
Realised gain/ (loss) is
Unrealised gain is :
Share Purchase Price Fair price No. of shares Gain/ (Loss) per share Total Gain / (Loss) J&J 21.30 22.30 1800 1 1800 Sony 47 38.80 2000 (8.20) (16400) Mattel 27.80 31.70 2300 3.90 8970 Total (5630)