Problem C-4A (Static) 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 3,500 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13. Problem C-4A (Static) 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 Unrealized Amount
Problem C-4A (Static) 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 3,500 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13. Problem C-4A (Static) 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 Unrealized Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Problem C-4A (Static) 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 3,500 shares of Gem Company stock at $24 per share.
July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.
July 20 Purchased 1,000 shares of Xerox stock at $16 per share.
August 15 Received a $1.00 per share cash dividend on the Gem Company stock.
August 28 Sold 2,000 shares of Gem Company stock at $30 per share.
October 1 Received a $2.50 per share cash dividend on the PepsiCo shares.
December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.50 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13.
Problem C-4A (Static) 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
Unrealized
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6b09172-61d6-4567-895e-9db46ec8829a%2F63fc9629-1519-4965-a6b7-774ac7bc522a%2Fymo7o3b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem C-4A (Static) 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 3,500 shares of Gem Company stock at $24 per share.
July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.
July 20 Purchased 1,000 shares of Xerox stock at $16 per share.
August 15 Received a $1.00 per share cash dividend on the Gem Company stock.
August 28 Sold 2,000 shares of Gem Company stock at $30 per share.
October 1 Received a $2.50 per share cash dividend on the PepsiCo shares.
December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.50 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13.
Problem C-4A (Static) 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
Unrealized
Amount
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