kwame corporation purchased 2,000 shares of gretchen inc. common stock ($50 par) at $73 per share as a short-term investment. the shares were subsequently sold at $77 per share. calculate the amount of the gain or loss on the sale

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21-10-2022
Business

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kwame corporation purchased 2,000 shares of gretchen inc. common stock ($50 par) at $73 per share as a short-term investment. the shares were subsequently sold at $77 per share. calculate the amount of the gain or loss on the sale

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-29T15:40:47-04:00

Gain experiences by Kwame corporation on sale of 2000 shares at $77 per share, which are originally purchased at $73 per share is $8000.

Given Information:

No of shares = 2000

Par value of shares = $50

Purchased price of share = $73

Market value of shares = $73*200 = $146,000

Sale price per share = $77

Total sales value = $154,000

Gain on sale of shares = $154,000- $146,000

= $8000

A share is a unit used in equity funds, limited liability partnerships, and trusts in the capital markets. The term "share capital" describes all of an organization's shares. A shareholder of a corporation is someone who hold shares in that company. An ordinary share the ownership relationship between the corporation and the shareholder and is an immovable unit of capital.

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