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Posted by R. C. White on November 17, 2007, 9:56 am
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Hi, Oops.
Google for Company X and look on its website for a page called "Investor
Relations" or something similar. You may need to look on Company Y, too,
because X may now have disappeared. You should find a complete description
of the transaction. Often, there even is a worksheet created by the
companies' lawyers and accountants to help you record the event.
Then record what actually happened in the real world.
As often said here (by me), it's a two-step process:
1. Find out what actually happened.
2. Record that in Quicken.
Trying to do Step 2 before Step 1 is not the right way to go.
Often, it's easy to work out the transaction using pencil and paper but hard
to figure out how to enter it in Quicken. :>(
RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Quicken 2008 Deluxe in Vista Ultimate x64)
> Hi, all
> I owned shares in company X which was bought out by company Y
> for cash and some shares of Y. Quicken only has an option for take-over
> in a stock-for-stock mode.
> What is the way to properly enter this event in Quicken ? Or can
> it be done at all ?
>
> TIA
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