s 3ktProblem C-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influenceLO 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 22. 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-EndGem CompanyPepsiCoXeroxTotalCostFair Value$0 $0UnrealizedAmount

Investments:The investment refers to the current assets which is money invested by the individual in…

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

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.6AP

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