2 Book P References Problem C-4A (Static) Recording, adjusting, and reporting stock Investments with Insignificant influence...
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2 Book P References Problem C-4A (Static) 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 3,500 shares of Gen Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares.. The year-end fair values per share are Gem Company. $26: PepsiCo, $46; and Xerox, $13. Problem C-4A (Static) Part 2 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. 2 Book P References Problem C-4A (Static) 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 3,500 shares of Gen Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares.. The year-end fair values per share are Gem Company. $26: PepsiCo, $46; and Xerox, $13. Problem C-4A (Static) Part 2 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments.
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