Pick a stock from The Wall Street Journal or other database or publication. Assume that your group purchases 1,000 shares of the stock as a long-term investment and that your 1,000 shares are less than 20% of the company’s outstanding stock. Research the stock in Value Line, Moody’s Investor Record, or other source to determine whether the company pays cash dividends and, if so, how much and at what intervals.
1. Track the stock for a period assigned by your professor. Over the specified period, keep a daily record of the price of the stock to see how well your investment has performed. Each day, search the Corporate Dividend News in The Wall Street Journal to keep a record of any dividends you’ve received. End the period of your analysis with a month end, such as September 30 or December 31.
2. Journalize all transactions that you have experienced, including the stock purchase, dividends received (both cash dividends and stock dividends), and any year-end adjustment required by the accounting method that is appropriate for your situation. Assume you will prepare financial statements on the ending date of your study.
3. Show what you will report on your company’s balance sheet, income statement, and statement of cash flows as a result of your investment transactions.
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