An investor purchased 499 shares of common stock, $24 par, for $21,457. Subsequently, 117 shares were sold for $64 per share. What is the amount of gain or loss on the sale? a.$2,457 gain b.$4,680 loss c.$2,457 loss d.$4,680 gain

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Q. 41. The issued share capital of a company consists of 24,640 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.58 a share. The market value of the company's shares was £2.15 a share just before the rights issue.. The company reported a net profit after taxation for the year of £7,392. The market value of each ordinary share at the end of the year was £2.94. Calculate the theoretical ex-rights value per share_______________. Q.42 The issued share capital of a company consists of 2,217,600 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.88 a share. The market value of the company's shares was £2.23 a share just before the rights issue.. The company reported a net profit after taxation for the year of £887,040. The market value of each ordinary share at the end of the year was £3.08. The…

5. Magenta Corporation declared $0.70 per share cash dividends on September 18. The dividends were recorded and paid on September 23 and September 29, respectively. Magenta Corporation had 50,000 shares outstanding with par value of $1. The journal entry to record the transaction on September 29 is … a. Cash Dividends $35,000 Dividends Payable $35,000 b. No journal entry required on this date c. Retained Earnings $50,000 Cash Dividends $50,000 d. Dividends Payable $35,000 Cash $35,000