GL1501 - Based on Problem 15-4A LO P4Twist Corp. had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017. Apr. 16 Purchased 5,000 shares of Lafayette Co. stock at $26 per share.July 7 Purchased 3,500 shares of CVF Co. stock at $51 per share. 20 Purchased 1,600 shares of Green Co. stock at $18 per share.Aug. 15 Received an $1.20 per share cash dividend on the Lafayette Co. stock. 28 Sold 3,000 shares of Lafayette Co. stock at $29 per share.Oct. 1 Received a $3.30 per share cash dividend on the CVF Co. shares.Dec. 15 Received a $1.40 per share cash dividend on the remaining Lafayette Co. shares. 31 Received a $2.70 per share cash dividend on the CVF Co. shares. This image is a transactional analysis table designed to track changes in total assets and equity for a series of transactions. The table contains several columns that categorize financial changes. Here's a detailed explanation of the contents:**Table Overview:**- **Date & Transaction Description:** The first column lists the date and a brief description of each financial transaction. - **Change in Total Assets:** The second column is used to indicate how each transaction affects total assets.- **Change in Equity:** - **As a Component of Net Income:** This sub-column records changes in equity that affect net income. - **As a Direct Component of Stockholders' Equity:** This captures changes in equity that affect the stockholders' equity directly. - **Total Change in Equity:** Summarizes the overall change in equity due to the transaction by totaling the previous two sub-columns.**Transactions Listed:**1. **Apr. 16:** Purchased 5,000 shares of Lafayette Co. stock at $26 each.2. **Jul. 7:** Acquired 3,500 shares of CVF Co. stock at $51 each.3. **Jul. 20:** Bought 1,600 shares of Green Co. stock at $18 each.4. **Aug. 15:** Received a $1.20 per share cash dividend on Lafayette Co. stock.5. **Aug. 28:** Sold 3,000 shares of Lafayette Co. stock at $29 each.6. **Oct. 1:** Received a $3.30 per share cash dividend on CVF Co. shares.7. **Dec. 15:** Received a $1.40 per share cash dividend on remaining Lafayette Co. shares.8. **Dec. 31:** Received a $2.70 per share cash dividend on CVF Co. shares.9. **Dec. 31:** Adjusted securities to year-end fair value.**Note:**- The table headers prompt the user to indicate changes due to each transaction.- The expectation is that changes in total assets should align with changes in total equity.This table helps users practice and analyze financial changes within a company's balance sheet, focusing on how investment activities impact overall financial health.

Answered: Image /qna-images/answer/df5bda16-0203-4e7d-8144-79684d00cf06.jpg

Answered: GL1501 - Based on Problem 15-4A LO P4…

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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GL1501 - Based on Problem 15-4A LO P4

Twist Corp. had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017.

Apr.	16	Purchased 5,000 shares of Lafayette Co. stock at $26 per share.
July	7	Purchased 3,500 shares of CVF Co. stock at $51 per share.
	20	Purchased 1,600 shares of Green Co. stock at $18 per share.
Aug.	15	Received an $1.20 per share cash dividend on the Lafayette Co. stock.
	28	Sold 3,000 shares of Lafayette Co. stock at $29 per share.
Oct.	1	Received a $3.30 per share cash dividend on the CVF Co. shares.
Dec.	15	Received a $1.40 per share cash dividend on the remaining Lafayette Co. shares.
	31	Received a $2.70 per share cash dividend on the CVF Co. shares.