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0 Hilton Company completed these long-term available for sale investment transactions during 2016: 2016 Apr 10 Purchased 300 shares of Microscape stock, paying $20 per
0 Hilton Company completed these long-term available for sale investment transactions during 2016: 2016 Apr 10 Purchased 300 shares of Microscape stock, paying $20 per share. Hilton Company intends to hold the investment for the indefinite future. Jul 22 Received a cash dividend of S1.29 per share on the Microscape stock Dec 31 Adjusted the Microscape investment to its current market value of $5,000. Read the requirements Adjusted the Microscape investment to its current market value of $5,800. Journal Entry Date Accounts Deblt Credit Dec 31 2. Assume the Microscape Co. stock is Hilton Company's only investment. Explain how these transactions will be reflected on Hilton Company's income statement and its statement of comprehensive income. The will report dividend revenue of $ The will report an unrealized loss on available for sale investments of $ 3. Show how to report the investment and any unrealized gain or loss on Hilton Company's balance sheet when entering losses.) December 31, 2016. Ignore income tax. (Abbreviation used: AFSS = available for sale securities. Use a parentheses or a minus sign Choose from any list or enter any number in the input fields and then continue to the next
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