What would be the gain or loss on the settlement

Assignment Help Accounting Basics
Reference no: EM132088893

Question: Yates Co. purchased a put option on Dixon common shares on January 7, 2013, for $215. The put option is for 300 shares, and the strike price is $51. The option expires on July 31, 2013. The following data are available with respect to the put option:

Date Market Price of Dixon Shares Time Value of Put Option

March 31, 2013 $48 per share $120

June 30, 2013 $50 per share 54

July 6, 2013 $46 per share 16

March 31, Yates prepares financial statements. What amount of unrealized gain or loss would Yates report on its March 31 income statement? a. 95. b. 805. c. 900. d. 995.

July 6, Yates settles the put option on the Dixon shares. What would be the gain or loss on the settlement?

Reference no: EM132088893

Questions Cloud

Discuss the history of insider threats : Discuss a recent insider threat case and its impact on the organization including return on investment (ROI).
Compute depreciation expense using the straight-line method : Compute 2014 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2014
Find the amount of manufacturing overhead : Before the year began, Murphy Manufacturing estimated that manufacturing overhead for the year would be $176,000 and that 13, 700 direct labor hours would be.
Why do you think domestic terrorists exist in society : Domestic terrorism is framed by its lack of a foreign nexus. Additionally, there is a long history of domestic terrorism within the United States.
What would be the gain or loss on the settlement : Yates Co. purchased a put option on Dixon common shares on January 7, 2013, for $215. The put option is for 300 shares, and the strike price is $51.
What sources of information are available for undocumented : What is the change in immigrant population from the 2000 to 2010 Census? Has it increased or decreased?
Find the manufacturing overhead : Before the year began, Coia Manufacturing estimated that manufacturing overhead for the year would be $200, 500 and that 25, 100 direct labor hours would.
Provide at least three recommendations for health care : Provide at least three recommendations for health care organizations to follow in order to be more culturally competent with the selected population.
What is the net realizable value of accounts receivable : Before year-end adjusting entries, Stanton Company's account balances at December 31, 2018, for accounts receivable and the related allowance for uncollectible.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the business activities of the organisation

HA2042 ACCOUNTING INFORMATION SYSTEMS ASSIGNMENT. What a Baker does? Discuss the business activities/processes of the organisation

  Prepare the income statement statement of changes in

Talley Inc. experienced the following events in 2016, in its first year of operation: Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2016 accounting period.

  Flash newton is national sales director aat bright and

flash newton is national sales director aat bright and shinytoothpaste company. tge firm manufactures and distributes

  What is the amount per x7 seat that aerospace should have

What is the amount per X7 seat that Aerospace Comfort should have billed the RAAF? Assume that the actual direct materials costs were $25000

  What is a complete liquidation

What is a complete liquidation? A partial liquidation? Explain the difference in tax treatment accorded these two different events. Also, provide specific examples.

  The project will generate cash inflows

The project will generate cash inflows

  How many bicycles should the company purchase in may

On the basis of the information presented, how many bicycles should the company purchase in May

  Krauss leasing company signs a lease agreement on january 1

krauss leasing company signs a lease agreement on january 1 2013 to lease electronic equipment to stewart company. the

  Factory overhead applied to all four jobs

Factory Overhead applied to all four jobs

  Precedential value of the foregoing decisions

Discuss the precedential value of the foregoing decisions for your client, who is a California resident

  Define listed below are typical of those involving new books

The transactions listed below are typical of those involving New Books Inc. and Readers' Corner. New Books is a wholesale merchandiser

  What was the total amount of manufacturing costs

What was the total amount of manufacturing costs assigned those units that were completed and transferred out of the process in September

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd