Chapter 15 HW Assignments eBook Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Fair Value Bernard Co. $36,000 $32,800 Cost Chadwick Co. 28,700 26,800 $64,700 $59,600 > The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2015: Jan. 2. Purchased $78,400 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on June 30 and December 31. June 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $39,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,700 are received on the Jolly Roger Co. Investment Dec. 31. Jolly Roger Co. reported a total net income of $93,000 for 2085, which O'Brien Industries Inc. recorded using the equity method. 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: 9. 31. Check My Work more Check My Work uses remaining. Assignment Score: 38.13% Chapter 15 HW Assignments Bock 31. Accrued 3 months of interest on the Nightine bonds. 31 Austed the ave-for-sale investment portfolio to fair value, using the following far values Issuing Company Fair Value Bernard C 533.600 Chadwick Co 25,200 Gaur Inc 91,200 Nightline Co 38,220 For the year ending December 31, 2015, O'Brien Industries to reported det income of $148,400 and paid no dividende. Required: The comparative undoned balance sheets for December 31, 2014 and 2015 are provided below. Selected Dance mining. Determine me missing amounts. Use the sign teocate the new arts. Do not round interim calculations. Round Final answers to nearest doflar O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (at Cost) 164,700 Valuation Alowance for Available for Sale Investments (5.100) Available-for-sale vestimentar Value) $59,600 363,200 Trivestment Solly Roger Co Stock Office Equipment (et) 105,000 110,600 Check My Work My Worm Previous Assignment S31.12% Save and Submit gert for Gradient For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $148,400 and paid no dividende Required: The comparative unclassified balance sheets for December 31, 2014 and 2045 are provided below. Selected balances a Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available-for-Sale Investments (at Cost) $64,700 Valuation Allowance for Available-for-Sale Investments (5,100) Available-for-Sale Investments (Fair Value) $59,600 Interest Receivable Investment in Jolly Roger Co. Stock $63,200 Office Equipment (Net) 105,100 110,600 Total Assets $526,900 $ $ $67,300 58,000 184,400 $60,600 58,000 184,400 Accounts Payable Common Stock Excess of Issue Price Over Par Retained Earnings Unrealized Gain (Loss) on Available-for-Sale Investments Total Liabilities and Stockholders' Equity 229,000 (5,100) $526,900 Check My Work 1 more Check My Work uses remaining, Assignment Score: 38.13% Chapter 15 HW Assignments eBook Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Fair Value Bernard Co. $36,000 $32,800 Cost Chadwick Co. 28,700 26,800 $64,700 $59,600 > The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2015: Jan. 2. Purchased $78,400 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on June 30 and December 31. June 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $39,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,700 are received on the Jolly Roger Co. Investment Dec. 31. Jolly Roger Co. reported a total net income of $93,000 for 2085, which O'Brien Industries Inc. recorded using the equity method. 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: 9. 31. Check My Work more Check My Work uses remaining. Assignment Score: 38.13% Chapter 15 HW Assignments Bock 31. Accrued 3 months of interest on the Nightine bonds. 31 Austed the ave-for-sale investment portfolio to fair value, using the following far values Issuing Company Fair Value Bernard C 533.600 Chadwick Co 25,200 Gaur Inc 91,200 Nightline Co 38,220 For the year ending December 31, 2015, O'Brien Industries to reported det income of $148,400 and paid no dividende. Required: The comparative undoned balance sheets for December 31, 2014 and 2015 are provided below. Selected Dance mining. Determine me missing amounts. Use the sign teocate the new arts. Do not round interim calculations. Round Final answers to nearest doflar O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (at Cost) 164,700 Valuation Alowance for Available for Sale Investments (5.100) Available-for-sale vestimentar Value) $59,600 363,200 Trivestment Solly Roger Co Stock Office Equipment (et) 105,000 110,600 Check My Work My Worm Previous Assignment S31.12% Save and Submit gert for Gradient For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $148,400 and paid no dividende Required: The comparative unclassified balance sheets for December 31, 2014 and 2045 are provided below. Selected balances a Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available-for-Sale Investments (at Cost) $64,700 Valuation Allowance for Available-for-Sale Investments (5,100) Available-for-Sale Investments (Fair Value) $59,600 Interest Receivable Investment in Jolly Roger Co. Stock $63,200 Office Equipment (Net) 105,100 110,600 Total Assets $526,900 $ $ $67,300 58,000 184,400 $60,600 58,000 184,400 Accounts Payable Common Stock Excess of Issue Price Over Par Retained Earnings Unrealized Gain (Loss) on Available-for-Sale Investments Total Liabilities and Stockholders' Equity 229,000 (5,100) $526,900 Check My Work 1 more Check My Work uses remaining, Assignment Score: 38.13%