On february 24 amw purchased 4000 shares of kmp newly

Reference no: EM13576487

On February 24, AMW purchased 4,000 shares of KMP newly issued 6 percent cumulative $75 par preferred stock for $304,000. Each share carried one detachable stock warrant, entitling the holder to acquire at $10 one share of KMP no-par common stock. On February 25, the market price for the preferred stock ex-warrants was $72 per share, and the market price of the stock warrants was $8 per warrant. On December 29, AMW sold all the stock warrants fro $41,000. The gain on the sale fo the stock warrants was?

Reference no: EM13576487

Questions Cloud

Fde manufacturing has a normal plant capacity of 37500 : fde manufacturing has a normal plant capacity of 37500 units per month. because of an extra large quantity of inventory

Prepare a correct income statement beginning with income : for its fiscal year ending october 31 2014 douglas corporation reports the following partial data shown below.income

Find the value for the percent of penn state students that : question refer to the article entitled 21st birthday from the penn state pulse january 2001. located in the library

Prepare a flowchart which demonstrates how accural : prepare a flowchart which demonstrates how accural accounting and cash flows are linked for a merchandise sale. analyze

On february 24 amw purchased 4000 shares of kmp newly : on february 24 amw purchased 4000 shares of kmp newly issued 6 percent cumulative 75 par preferred stock for 304000.

Calculate the nav for the following illustration market : calculate the nav for the following illustrationname of the scheme ab balancedsize of the scheme rs 200 croreface

What is the expected value for the amount they will pay in : question an insurance company expects 10 of its policyholders to collect claims of 400 this year and the remaining 90

In examining recognition and measurement sterling believes : in examining recognition and measurement sterling believes that measurement should precede recognition whereas archer

Which of the following is true regarding whether ifrs : 1. an assumption inherent in a companys ifrs statement of financial position is that companies recover and settle the

User Account

All Pages