Required information Problem 15-4A (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 6,000 shares of Gem Company stock at $25.25 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share. July 20 Purchased 1,500 shares of Xerox stock at $18.00 per share. August 15 Received a $0.80 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.00 per share. October 1 Received a $1.70 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 $1.05 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.50; PepsiCo, $46.25; and Xerox, $15.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end. (a) Income statement for this year (b) The equity section of its balance sheet at this year-end Amount Increase or Decrease Increase Decrease
Required information Problem 15-4A (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 6,000 shares of Gem Company stock at $25.25 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share. July 20 Purchased 1,500 shares of Xerox stock at $18.00 per share. August 15 Received a $0.80 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.00 per share. October 1 Received a $1.70 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 $1.05 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.50; PepsiCo, $46.25; and Xerox, $15.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end. (a) Income statement for this year (b) The equity section of its balance sheet at this year-end Amount Increase or Decrease Increase Decrease
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A4 please help.....
![Required information
Problem 15-4A (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 6,000 shares of Gem Company stock at $25.25 per share.
July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share.
July 20 Purchased 1,500 shares of Xerox stock at $18.00 per share.
August 15 Received a $0.80 per share cash dividend on the Gem Company stock.
August 28 Sold 3,000 shares of Gem Company stock at $32.00 per share.
October 1 Received a $1.70 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 $1.05 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $27.50; PepsiCo, $46.25; and Xerox, $15.00.
Problem 15-4A (Algo) Part 5
5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the
equity section of its balance sheet at this year-end.
(a) Income statement for this year
(b) The equity section of its balance sheet at this year-end
Amount
Increase or Decrease
Increase
Decrease](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ae3b19c-44c7-4d45-a558-4e2afa780e40%2F395c8aa6-24f2-452d-aea1-d0153c859a8d%2Fqqcl5tf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Problem 15-4A (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 6,000 shares of Gem Company stock at $25.25 per share.
July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share.
July 20 Purchased 1,500 shares of Xerox stock at $18.00 per share.
August 15 Received a $0.80 per share cash dividend on the Gem Company stock.
August 28 Sold 3,000 shares of Gem Company stock at $32.00 per share.
October 1 Received a $1.70 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 $1.05 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $27.50; PepsiCo, $46.25; and Xerox, $15.00.
Problem 15-4A (Algo) Part 5
5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the
equity section of its balance sheet at this year-end.
(a) Income statement for this year
(b) The equity section of its balance sheet at this year-end
Amount
Increase or Decrease
Increase
Decrease
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