Isn't it nice to receive extra income from our investments? Last month, those of us who owned TROW received a $2.00 per share special dividend. This month, those of you who own GOOG, received a stock distribution. They issued it to settle a litigation about the original distribution of GOOG Class C shares.
You might not realized this because it was a small stock distribution of .0027455 shares for each 1 share you owned. If you only received fractional shares, they were subsequently sold for a cash in lieu amount. To make the entries to account for your cash in lieu, you can do this: 1. Enter a split of 1.0027455 shares for 1 using the Split button you'll find on the Accounting>Investments page. 2. On the split entry form, you'll see a place to enter the cash in lieu amount and the account it was deposited into.
3. Select OK to accept what you've entered.
4. To confirm, double check that the cash balance shown in bivio for your brokerage account and the cost basis of your GOOG shares agrees with what your broker shows. |