8. Bushnell Company has the following equity investments in Cole, Paxton, and Alton. - Cole Stock-Owns 53% of the voting common stock and has controlling influence. - Paxton stock-Owns 11% of the voting common stock and has insignificant infiuence. - Alton Stock -Owns 39% of the voting common stock and has significant influence. [a] Which of these companies are subsidiaries of Bushnell? [b) How are individual assets and lubilities of the parent and its subsidiary(ies) reported? 9. Use the information of Chester Company presented below to prepare a calendar year-end statement of comperhensive income. (Amounts deducted should be indicated by a minus sign.) ACT 201 handout Ch 15. Investments 10. Following are the current year's financial data for Fenton Company. - Profit margin: 11.5% Total asset turnover: 1.4 Fenton's return on total assets for the current year equals: 11. During the current year, Conrad Emterprises acquired long-term aveilable-for-sale debt securities on November 1 at 585,000 cost. At its December 31 year-end, these securities had a fair value of 582,500 . This is the first and only time the company purchased such securities. The journal entry to record any necessary fair value adjustment to these available-for-sale securities on December 31 is: 7. Listed below are a few events and transactions of Cedar Company. Year 1 Prepare journal entries to record the above transactions and events of Cedar Company. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) 6. Prepare journal entries to record the given transactions involving the short-term stock investments of Carroll Company, all of which occurred during the current year. a) On March 22, purchased 790 shares of Sloan Company stock at $13 per share. Carroll 's stock investment results in it having an insignificant influence over Sloan. b) On July 1, received a $3 per share cash dividend on the Sloan stock purchased in part a. c) On October 8 , sold 395 shares of Sloan stock for $23 per share. ACT 201 handout Ch 15. Investments Analyze each transaction above by showing its effects on the accounting equation. 5. Kingsley Company began operations in Year 1 and holds long-term investments in available-for-sale (Afs) debt securities. The year-end costs and fair values for its portfolio of these investments follow. ACT 201 handout Ch 15. Investments 4. On December 31, Bloomfield Company held the following short-term available-for-sale (AFS) securities. Bloomfield had no short-term investments prior to the current period. Compute fair value adjustment. Prepare the 12/31 year-end adjusting entry to record the fair value adjustment for these debt securities