Which of the following sales can be reported directly on Schedule D? 1) Fabian received a Form 1099-B reporting stock sale proceeds of $2,157 and basis of $2,000. 2) Latisha received a Form 1099-B reporting stock sale proceeds of $4,892 and basis of $3,786. This sale requires an adjustment to the basis. 3) Christian received a Form 1099-B reporting stock sale proceeds of $5,497, basis of $4,450, and wash sale loss disallowed of $643. 4) Theo received a Form 1099-B reporting stock sale proceeds of $328 and no basis.

Kristopher Company began operations in 2014. At 12/31/22, Kristopher had a debit balance of $25,000 in its Allowance for Adjustment to Market.   At January 1, 2022, Kristopher owned the following securities, accounted for using the fair value method.       Cost MJO Common (25,000 shares)   $550,000 JKH Preferred (1,900 shares)   199,500 EKH Common (7,500 shares)   82,500               During 2022 the following events occurred:   4/3/22              Sold 3,000 shares of MJO for $75,000. 9/6/22              Acquired 1,500 shares of  WVO Common for $25 per share.    At 12/31/22, the fair values for Kristopher’s securities were:               MJO Common, $24 per share             JKH Preferred, $103 per share             EKH Common, $13 per share             WVO Common, $27 per share   Required:   Prepare any journal entries required in 2022 to record the securities activity, including any required adjusting entries at 12/31/22. Show any calculations.…

York Corporation declares a property dividend on June 30, payable in bonds of Laurens Company, which are classified as “available for sale.” The bonds are recorded at a fair value of $58,000 (there is a $0 balance in Allowance for Change in the Value of Investment in Available-for-Sale Securities), but at the time of the property dividend have a current value of $67,000.   Prepare the journal entries to record the declaration of this property dividend.

During the month, Blue, Inc. purchased 1,050 shares for $7.00 per share and classified them as trading investments. At the end of the month, the price of the securities was $11.25 per share. What adjusting entry, if any, will Blue, Inc. record when it closes its books at the end of the month to reflect this change in value?ᐧ   a Dr. Valuation Allowance for Trading Investments $11,812.50   Cr.        Unrealized Gain on Trading Investments   $11,812.50 b Dr. Unrealized Loss on Trading Investment $4,462.50   Cr.        Valuation Allowance for Trading Investments   $4,462.50 c Dr. Valuation Allowance for Trading Investments $4,462.50   Cr.        Unrealized Gain on Trading Investments   $4,462.50 Because the trading investments were not sold during the month, no adjusting entry is required. d Dr. Valuation Allowance for Trading Investments $4,462.50   Cr.        Realized Gain on Trading Investments   $4,462.50

Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio. This is the first and only time the company purchased such securities. May 9 Purchases 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. June 2 Sells 140 shares of its investment in Higo stock ($6,020 cost) at $46 per share. December 31 The closing market price (fair value) of the Higo stock is $41 per share. View transaction list Journal entry worksheet 1 2 Purchases 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. Date May 09 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal

Carla Corporation purchased trading investment bonds for $50,000 at par. At December 31, Carla received annual interest of $2,000, and the fair value of the bonds was $49,000. Assume a zero balance in the Fair Value Adjustment account. Prepare Carla’s journal entries for the following. If no entry is required, write "No Entry".   The purchase of the investment. The interest received. The fair value adjustment.

Adams Moving and Storage, a family-owned corporation, declared a property dividend of 800 shares of GE common stock that Adams had purchased in February for $24,000 as an investment. GE’s shares had a market value of $28 per share on the declaration date.   Prepare the journal entries to record the property dividend on the declaration and payment dates and record adjustment of stock to fair value Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.