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 8,000 shares of Gen Company stock at $21.50 per share. July 7 Purchased 4,000 shares of PepsiCo stock at $49.00 per share. July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.90 per share cash dividend on the Gen Company stock. August 28 Sold 4,000 shares of Gem Company stock at $28.25 per share.. October 1 Received a $1.80 per share cash dividend on the PepsiCo shares. December 15 Received a $1.05 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.15 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $23.75, 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 (d) its income statement for this year and Io) 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-and Amount Increase or Decrease Increase Increase
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 8,000 shares of Gen Company stock at $21.50 per share. July 7 Purchased 4,000 shares of PepsiCo stock at $49.00 per share. July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.90 per share cash dividend on the Gen Company stock. August 28 Sold 4,000 shares of Gem Company stock at $28.25 per share.. October 1 Received a $1.80 per share cash dividend on the PepsiCo shares. December 15 Received a $1.05 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.15 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $23.75, 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 (d) its income statement for this year and Io) 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-and Amount Increase or Decrease Increase Increase
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 8,000 shares of Gen Company stock at $21.50 per share.
July 7 Purchased 4,000 shares of PepsiCo stock at $49.00 per share.
July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share.
August 15 Received a $0.90 per share cash dividend on the Gem Company stock.
August 28 Sold 4,080 shares of Gem Company stock at $28.25 per share..
October 1 Received a $1.88 per share cash dividend on the PepsiCo shares.
December 15 Received a $1.05 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.15 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $23.75, 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 Io) 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 and
Amount
Increase or Decrease
Increase
Increase](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26b6b50f-4eb7-4b44-8429-0647b707b7c1%2F74a03c83-4477-48ba-9263-4e6271eb58c8%2Fsi30nok_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 8,000 shares of Gen Company stock at $21.50 per share.
July 7 Purchased 4,000 shares of PepsiCo stock at $49.00 per share.
July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share.
August 15 Received a $0.90 per share cash dividend on the Gem Company stock.
August 28 Sold 4,080 shares of Gem Company stock at $28.25 per share..
October 1 Received a $1.88 per share cash dividend on the PepsiCo shares.
December 15 Received a $1.05 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.15 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $23.75, 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 Io) 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 and
Amount
Increase or Decrease
Increase
Increase
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