[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 $25.50 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share. Purchased 1,500 shares of Xerox stock at $19.00 per share. July 20 August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share. October 1 Received a $2.00 per December 15 Received a $1.10 per share cash dividend on the PepsiCo shares. share cash dividend on the remaining Gem Company shares. December 31 Received a $1.30 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00. 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.
[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 $25.50 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share. Purchased 1,500 shares of Xerox stock at $19.00 per share. July 20 August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share. October 1 Received a $2.00 per December 15 Received a $1.10 per share cash dividend on the PepsiCo shares. share cash dividend on the remaining Gem Company shares. December 31 Received a $1.30 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Dd.117.
![LU 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 $25.50 per share.
July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share.
July 20 Purchased 1,500 shares of Xerox stock at $19.00 per share.
August 15 Received a $0.95 per share cash dividend on the Gem Company stock.
August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share.
Received a $2.00 per
October 1
share cash dividend on the PepsiCo shares.
December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.30 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00.
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
39,150 Increase
Increase](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2ee2641-7c60-4f65-a663-59c8b8b8fc04%2Fa4fa52bd-f5a0-4bf5-97c2-62eed429990a%2Fyq455jj_processed.png&w=3840&q=75)
Transcribed Image Text:LU 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 $25.50 per share.
July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share.
July 20 Purchased 1,500 shares of Xerox stock at $19.00 per share.
August 15 Received a $0.95 per share cash dividend on the Gem Company stock.
August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share.
Received a $2.00 per
October 1
share cash dividend on the PepsiCo shares.
December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.30 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00.
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
39,150 Increase
Increase
Transcribed Image Text:Required information
1
1
2
3
4
6
7
8
April 16
July 07
July 20
August 15
October 01
December 15
December 31
WYTIVEME SULTIMI
Debt investments - Available-for-sale
Cash
Debt investments - Available-for-sale
Cash
Debt investments - Available-for-sale
Cash
Cash
Debt investments - Held-to-maturity
Cash
Fair value adjustment - Available-for-sale
Cash
Fair value adjustment - Stock
Cash
Fair value adjustment - Stock
153,000
141,000
28,500
5,700
6,000
3,300
3,900
153,000
141,000
28,500
5,700
6,000
3,300
3,900
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