Reference no: EM132593231

Question 1: On August 1, 2018, Towson Corp., declared a 10% stock dividend on its common stock when the market value of the common stock was $14 per share. The balance in the common stock account, before the stock dividend was declared, was $1,100,000. The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018?

Question 2: 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 $46

9/25 Y Company 1,250 $30

9/30 Z Company 1,000 $26

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 $47

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.