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c. FV-NI Investments t December 31, 2020; the fair value of the short-term investments were: Redemption Corp ALM Corp $12.65 per share $24.02 per share

c. FV-NI Investments t December 31, 2020; the fair value of the short-term investments were: Redemption Corp ALM Corp $12.65 per share $24.02 per share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze and review the following items and determine the appropriate journal entry. Record the journal entry

Please include all the calculations for my reference. Thanks 

Purchase Date Description COST 6/15/2020 15,000 shares of Redemption Corp @ $12.65 per share 12/05/2020 10,000 shares of ALM Corp @ $21.09 per share 189,750.00 210,900.00 400,650.00 Record Calculations here:
Transcribed Image Text:Purchase Date Description COST 6/15/2020 15,000 shares of Redemption Corp @ $12.65 per share 12/05/2020 10,000 shares of ALM Corp @ $21.09 per share 189,750.00 210,900.00 400,650.00 Record Calculations here:
c. FV-NI Investments At December 31, 2020; the fair value of the short-term investments were: Redemption Corp ALM Corp $12.65 per share $24.02 per share In the Excel spreadsheet, see the tab "FV-NI Investments" to perform any necessary calculations.
Transcribed Image Text:c. FV-NI Investments At December 31, 2020; the fair value of the short-term investments were: Redemption Corp ALM Corp $12.65 per share $24.02 per share In the Excel spreadsheet, see the tab "FV-NI Investments" to perform any necessary calculations.
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