Question: Please provide explanation Required information Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 The following information applies to the
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 ,909 shares of Gen Company stock at $21.50 per share. Jaly 7 Purchased 4 , e90 shares of Pessico stock at $49.00 per share. zuly 2e Purchased 2 , ebe shares of xerox stock at $18, ee per share. August 15 Received a se. 9 e per ahare cash dividend on the Gen conpany stock. August 28 sold 4 , e8e shares of Ges cospany stock at $28.25 per thare. October 1 Recelved a $2.88 per share cash dividend on the Feprice shares. Decenber 15 Recelved a $1.es per shere cash dividend on the reesining ben cotpany shares. Decenter. 31 Recelved a $1.15 per share cash dividend on the Peprico shares. The year-end fair values per share are Gem Company, $2375, PepsiCo, $4625; and Xerox, $15.00 Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's stion-term stock investments on (of its income statement for thils year and Ib) the equity section of its balance sheet at this year-end
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