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Posted by Will Carr on July 01, 2000 at 19:57:29:
First, I apologize if the answers to my questions are found somewhere. I've spent a fair amount of time in the help areas, but haven't found what I need.
I had a company (Harbinger) bought by another one (Peregrine). Let's say my 250 shares of HRBC were converted to 180 shares of PRGN, plus some cash left over. What is the best way to record this in FM?
Do I 'sell' HRBC and buy PRGN? I think I don't, because won't that show up on reports as capital gains, when there really aren't any? I've searched for words like 'buyout', 'exchange', and 'convert', but haven't found anything that helps.
Thanks in advance for any help!