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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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. |

Transcribed Image Text: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.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education