Question

Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

Date	Company	# of Shares	Price per Share
8/15	X Company	1,500	$40
9/25	Y Company	1,250	30
9/30	Z Company	1,000	28

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

Company	FMV per Share
X Company	$45
Y Company	15
Z Company	31

What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.

Answer 1

December 31,2018
	A	B	C	B-D=C	A x D
Company	# of Shares	FMV per Share	Cost per Share	Gain (loss) per share	Total gain (loss) $
X Company	1,500	45	40	5	7,500
Z Company	1,000	31	28	3	3,000
Total					10,500

Total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018 will be $ 10,500 .