Managing Cash in Lieu for Reception of Partial Shares

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Posted by SS on January 09, 2007 at 22:25:10:

Mark,

I'm not sure how to input the following scenario into FM 8:

On 7.1.05, Flowers Foods did a 3:2 dividend stock split. In this case, 225 shares became 337.5 shares, and so 0.5 shares was received as a cash in lieu credit.

Currently, when I attempt to record the stock split, I'm not noticing a way to record the split into 337 shares with a cash in lieu dividend for the 0.5 share...the transaction gets recorded as the incurment of 337.5 shares.

Can you please advice how to accurately record this transaction?

Thank you for any assistance.

Replies:

• Re: Managing Cash in Lieu for Reception of Partial Shares Mark 09:42:47 01/10/07 (0)