accounting for a mutual fund merger
rcriii at ramsdells.net
Sat May 20 14:49:37 EDT 2006
Book a sale of each of the original funds at the closing price, then a
purchase of the new fund at the opening price. Be sure to apply any
difference between the purchase and sale prices of the original funds to
the 'Income:Realized Gains'.
On Sat, 2006-05-20 at 13:20 -0500, Thomas C. Hicks wrote:
> Recently a mutual fund that I own merged with another one that I own.
> The prices at time of merger were different, how do I account for this?
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