BGJ Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 4,500 shares of OnPoint Company stock at $30 per share. July 7 Purchased 3,000 shares of Eco Company stock at $55 per share. July 20 Purchased 1,400 shares of Lafayette Company stock at $22 per share. August 15 Received an $1.10 per share cash dividend on the OnPoint Company stock. August 28 Sold 2,700 shares of OnPoint Company stock at $33 per share. October 1 Received a $5.20 per share cash dividend on the Eco Company shares. December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. December 31 Received a $4.60 per share cash dividend on the Eco Company shares.
BGJ Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 4,500 shares of OnPoint Company stock at $30 per share. July 7 Purchased 3,000 shares of Eco Company stock at $55 per share. July 20 Purchased 1,400 shares of Lafayette Company stock at $22 per share. August 15 Received an $1.10 per share cash dividend on the OnPoint Company stock. August 28 Sold 2,700 shares of OnPoint Company stock at $33 per share. October 1 Received a $5.20 per share cash dividend on the Eco Company shares. December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. December 31 Received a $4.60 per share cash dividend on the Eco Company shares.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
Based on the following infromation what would the general
BGJ Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence.
| April 16 | Purchased 4,500 shares of OnPoint Company stock at $30 per share. |
|---|---|
| July 7 | Purchased 3,000 shares of Eco Company stock at $55 per share. |
| July 20 | Purchased 1,400 shares of Lafayette Company stock at $22 per share. |
| August 15 | Received an $1.10 per share cash dividend on the OnPoint Company stock. |
| August 28 | Sold 2,700 shares of OnPoint Company stock at $33 per share. |
| October 1 | Received a $5.20 per share cash dividend on the Eco Company shares. |
| December 15 | Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. |
| December 31 | Received a $4.60 per share cash dividend on the Eco Company shares. |
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Follow-up Question
For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the
How would I complete the table?
Transcribed Image Text:Apr. 16) Purchased 4,500 shares of OnPoint Company stock at $30
per share.
Jul. 7) Purchased 3,000 shares of Eco Company stock at $55 per
share.
Jul. 20) Purchased 1,400 shares of Lafayette Company stock at $22
per share.
Aug. 15) Received an $1.10 per share cash dividend on the OnPoint
Company stock.
Aug. 28) Sold 2,700 shares of OnPoint Company stock at $33 per
share.
Oct. 1) Received a $5.20 per share cash dividend on the Eco
Company shares.
Dec. 15) Received a $1.30 per share cash dividend on the remaining
OnPoint Company shares.
Dec. 31) Received a $4.60 per share cash dividend on the Eco
Company shares.
Dec. 31) Adjusted the securities to year-end fair value.
Totals
Change in
Total assets
$
Change in equity:
As a direct
As a
component of component of Total change
net income
in equity
stockholders'
equity
0 $
0 $
$
0 $
0
0
0
0
0
0
0
000
Solution
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