Q:How to Record a Goog Spin-off Googl in TradeMax?
I have just entered a spin-off event for GOOG and GOOGL today. However, I
cannot see how to adjust the cost basis, as my GOOG shares still have the
full original cost basis and the GOOGL shares appear to have a zero cost
basis. Please can you tell me how to do this?
- Select the records to Spinoff
- Right-click on the record and select the Trade Spinoff from the context menu
- A dialog box will pop up:
Select the transaction type.
There are the following option from its dropdown list :
Stock Split/Reverse Split –– A corporate action in which a companys existing shares are divided into multiple shares.
Stock Spin off –– A spin-off is a new company formed by splitting from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.
Stock Merge –– The combination of two or more corporations into one..
|2.Transaction Date||The actual date you spinoff the security to another|
|3.Account||Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts|
|4.Old Security Name||The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.|
|5.Old Security Quantity||Number of shares before the specific event.|
|6.New Security Name||The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.|
|7.New Security Quantity||Number of shares after the specific event.|
|8.New shares Issued||The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.|
|9.Cost Per Old Share||Enter the cost per share of the old security,on the date of the spin-off.|
|8.Cost Per New Share||Enter the cost per share of the new security which was spin off, on the date of the spin-off.|