Problem C-4A (Algo) Part 2 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End Gem Company PepsiCo Xerox Total Cost Fair Value $ 0 $ Unrealized Amount
Problem C-4A (Algo) Part 2 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End Gem Company PepsiCo Xerox Total Cost Fair Value $ 0 $ Unrealized Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
s
![3
k
t
Problem C-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence
LO P4
[The following information applies to the questions displayed below.]
Rose Company 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 8,000 shares of Gem Company stock at $23.25 per share.
July 7 Purchased 4,000 shares of PepsiCo stock at $53.00 per share.
July 20 Purchased 2,000 shares of Xerox stock at $17.00 per share.
August 15 Received a $0.80 per share cash dividend on the Gem Company stock.
August 28 Sold 4,000 shares of Gem Company stock at $30.00 per share..
October 1 Received a $1.80 per share cash dividend on the PepsiCo shares.
December 15 Received a $0.95 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.20 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $25.50; PepsiCo, $50.25; and Xerox, $14.00.
Problem C-4A (Algo) Part 2
2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments.
Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End
Gem Company
PepsiCo
Xerox
Total
Cost
Fair Value
$
0 $
0
Unrealized
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F113170aa-f82b-4976-9ad1-7a3fb696cb71%2F0df4f62a-06e5-4ec5-a5f8-03a04c8522e5%2Fu0gvymk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3
k
t
Problem C-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence
LO P4
[The following information applies to the questions displayed below.]
Rose Company 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 8,000 shares of Gem Company stock at $23.25 per share.
July 7 Purchased 4,000 shares of PepsiCo stock at $53.00 per share.
July 20 Purchased 2,000 shares of Xerox stock at $17.00 per share.
August 15 Received a $0.80 per share cash dividend on the Gem Company stock.
August 28 Sold 4,000 shares of Gem Company stock at $30.00 per share..
October 1 Received a $1.80 per share cash dividend on the PepsiCo shares.
December 15 Received a $0.95 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.20 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $25.50; PepsiCo, $50.25; and Xerox, $14.00.
Problem C-4A (Algo) Part 2
2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments.
Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End
Gem Company
PepsiCo
Xerox
Total
Cost
Fair Value
$
0 $
0
Unrealized
Amount
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.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