stock split questions

Carol Champagne carol@gnumatic.com
Wed, 31 Jan 2001 10:33:03 -0600


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Rob Browning wrote:


> As far as I recall, splits have always been reported to me by
> brokerages as a single journal entry
> 
>  2001-01-12    Some company    Distribution          150.00   0.00
> 
> having a number of shares and a value of zero.  There's never any
> information about what kind of split it was 2/1, or whatever.  So I'd
> thought perhaps it would show up in gnucash the same way, but I could
> put some annotation about whether it was 2/1 or whatever in the memo
> or notes field if I wanted/remembered.

Just looked at one of my statements where there was a 3/2 split and a
remainder.  Schwab doesn't show the 3/2 number; all it shows are two
journal entries for this:

(old qty was 35 shares)
5/31 Stock Split   17 (qty)  Company name   (no price)  (no value)
5/31 Cash-in-Lieu     (no qty)Company name  (no price)  $13.98

A 3/2 split on 35 sh would be 52.5 shares, and it looks like they
sold off the .5 share to yield $13.98 cash remainder.

In Quicken, when you enter a stock split, it asks you for number of
old shares and number of new shares (see attachment).  You can either
enter the real number (35-old, 52-new) or the ratio (3-old, 2-new).
If you enter the ratio, Quicken calculates the new
qty and shows any fractional shares---it doesn't calculate the cash 
remainder, though.

Carol


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