|
Can someone help me with this
The company declared a property dividen on Apr 1. Each common shareholder was to receive one share of waterloo corp. For every 10 shares outstanding. Vos Corp had 8,000 shares of Waterloo (2% of the outstanding shares) and had purchased them in 2006 for 68,400. The fair value of waterloo shares was $16.00 per share on April 1. The property dividend was distributed April 21 when the fair value of the waterloo shares was $ 18.50. The waterloo shares stayed at a fair value of $ 18.50
Common shares (no par , 100,000 shares authorized, 50,000 shares issued and outstanding)
I have tried every possible calculations and cannot come up to 23,280 for holding gains
Can someone please help..
Tota
|
