Paul, Your answer contains some errors and was incomplete. In addition to being a complex transaction because of the stock + cash nature of the merger, the fact that the new company retained the Wellpoint name and ticker symbol adds another wrinkle. Here's what Mike ...
I'm not sure how you're trying to enter this, but there is no requirement for any price entries. Enter spinoff. The original company is Motorola, the spinoff company is Freescale (not Freemarket), the date is 12/2/04, the number of shares is .110415* the number of ...
A reverse split is entered the same as any other split, just enter the ratio correctly (e.g.., 1 to 5). You'll have to give more information about what kind of stock warrant transaction you are trying to enter is it the issuance of a warrant, ...
Our club owned a stock that completed a reverse split and distributed some stock warrants. Does anyone know how to record the reverse split and stock warrant transactions inside the Bivio site? Thank you in advance, Peter
Does anyone know how to account for the FreeMarket spinoff from Motorola? I see where I should be entering the spinoff date as well as the price afterwards, but I'm still lost. Thanks!
You could have a major headache. Most agreements state that notice of death is the equivalent of a request for a full withdrawal. Then the club follows its withdrawal procedure and makes the payoff check payable to the "Estate of [name], deceased". As it is, ...
We have had a member pass away and our bylaws do not indicate the procedure to withdraw this member. He is a partner in the club and my question is the procedure in time of withdrawal. He has a Trust and we have not received ...
On 12-1-04 there was a reorganization and name change for Wellpoint as described in my Subject line above. On our brokerage account it shows we sold our 60 shares for $23.80 per share. We were also charged a Reorganization Fee of $20.00? The stock symbol ...
>>This is not a merger. According to the Prospectus, the transaction is fully taxable to shareholders of AFCI. What I meant to say was that this is not a "typical" merger. It is a buyout with mostly cash, and some stock. The transaction is fully ...
This is not a merger. According to the Prospectus, the transaction is fully taxable to shareholders of AFCI. What you need to do is the following: First, determine the value of .504 share of TLAB as of the time of the merger. It's not clear ...
I need help on how to do the accounting on an acquisiiton with both a share and cash buyout. On 12-2-2004, Tellabs acquired Advanced Fibre Communications by paying $12 a share cash and issuing .504 TLAB shares for each AFCI share. Since our club owned ...
>>We terminated our investment club in August and i was wondering if anyone knew what we have to do about filing a short 1065 return with the IRS? Also, is there anything else we have to do when we terminate? If you terminated in August, ...
We terminated our investment club in August and i was wondering if anyone knew what we have to do about filing a short 1065 return with the IRS? Also, is there anything else we have to do when we terminate?
What would be the advantage to either buying stock now with the dividend or paying the dues? Is the dues due at the end of Dec.? If we buy stock, will we use this month's income to pay the dues? I'm not sure of all ...