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Re: Stock Split & Fractional Shares

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Posted by Mark on August 01, 2000 at 08:58:20:

In Reply to: Stock Split & Fractional Shares posted by Bob Doak on August 01, 2000 at 06:45:53:

: I recently had a stock to split. Due to dividend reinvestment, I also have fractional shares. When you record the split in FM is also assumes the fractional shares have also split. My broker only adds to the whole shares and gives cash in lieu of for the fractional Shares. How do I,

: 1. Adjust the number of shares in FM to agree with by brokerage account
: 2. Record the cash receipt.

: Thanks

Hi Bob,
To handle this you should record a split transaction and then a sell
for the fractional shares that you received cash for.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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