On February shares of Sting Company are acquired at a price of per share plus a brokerage commission. On April 12, a $0.40-per-share dividend was received on the Sting Company stock. On May 29, 6,000 shares of the Sting Company stock were sold for per share less a brokerage commission. Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method.
In this problem, stock investment transaction will be presented.
On December 31,2015 , Valur Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet:
There were no purchases or sales of available-for-sale investments during 2016 . On December 31, 2016, the fair value of the available-for-sale investment portfolio was . The net income of Valur Co. was for 2016.
Compute the comprehensive income for Valur Co, for the year ended December 31, 2016.
On May 12, 2016, Chewco Co. purchased 2,000 shares of Jedi Inc. for per share, including the brokerage commission. The Jedi investment was classified as an available-for-sale security. On December 31, 2016, the fair value of Jedi Inc. was per share. The net income of Chewco Co. was for 2016 .
Compute the comprehensive income for Chewco Co. for the year ended December 31 , 2016.
developed a Web-based marketplace at http://www.ebay.com, in which individuals can buy and sell a variety of items. eBay also acquired , an online payments system that allows businesses and individuals to send and receive online payments securely. In a recent annual report, eBay published the following dividend policy:
Given eBay’s dividend policy, why would an investor be attracted to its stock?
The market price for Microsoft Corporation closed at and on December 31 , current year, and previous year, respectively. The dividends per share were for current year and for previous year.
a. Determine the dividend yield for Microsoft on December 31, current year, and previous year. (Round percentages to two decimal places.) b. Interpret these measures.