A trader submits a market to sell 1,200 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 1,200 shares, ignoring the trading commission, are closest to: $18,400.00 $21,512.50 $26,280.00 $26,337.50 $27,432.50 None of the above answers is correct.

A trader submits a market to sell 1,200 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 1,200 shares, ignoring the trading commission, are closest to: $18,400.00 $21,512.50 $26,280.00 $26,337.50 $27,432.50 None of the above answers is correct.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 12RE: Assume that Lily Corporation has outstanding 1,500 shares of 150 par callable preferred stock that...

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A trader submits a market to sell 900 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders except for the 800- share bid at $41.90. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 900 shares, ignoring the trading commission, are closest to: $18,425.00 $19,700.00 $19,722.50 $19,767.50 $20,121.00 f. None of the above answers is correct
The following order book exists for a particular stock. The last trade on the stock was at $75.52. Buy Orders Shares 250 600 900 75 Share price Price $75.51 75.50 75.49 75.47 Sell Orders Share price Shares 200 500 1,000 400 750 a. If you place a market buy order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places.) Price $75.54 75.55 75.57 75.58 75.59 b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)
59. A trader submits a market to sell 900 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders except for the 800- share bid at $21.90. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 900 shares, ignoring the trading commission, are closest to: a. $18,425.00 b. $19,700.00 c. $19,722.50 d. $19,767.50 e. $20,121.00 f. None of the above answers is correct.
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Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares of its common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1, the company sold the remaining 50 shares at $46 per share. Complete the journal entry for the sale of the treasury stock on July 1 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.