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Patina Oil & Gas bought by Nobel Energy
We had Patina Oil & Gas stock and Nobel Energy bought it.
We opted to take stock for our stock. We got stock and
$329.63 in cash for partial shares. How do I enter that
into my accounting without showing the stock trade as a
sale?
Joyce Brummitt wrote:
> We had Patina Oil & Gas stock and Nobel Energy bought it.
> We opted to take stock for our stock. We got stock and
> $329.63 in cash for partial shares. How do I enter that
> into my accounting without showing the stock trade as a
> sale?

Enter that as a merger with Nobel Energy is the acquiring
company. You can read more about this and other investment
transactions here:

http://www.bivio.com/hp/investment-transactions.html

Hope that helps.
-Eric