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Classifying and accounting for stock investment Tampa Today Publishers completed the following trading investment transactions during 2014 and 2015: 2014 Dec 6 Purchased 950 shares

Classifying and accounting for stock investment

Tampa Today Publishers completed the following trading investment transactions during 2014 and 2015:

2014

Dec 6

Purchased 950 shares of Golden stock at a price of $25.00 per share, intending to sell the investment next month

Dec 23

Received a cash dividend of $1.30 per share on the Golden stock

Dec 31

Adjusted the investment to its market value of $20.00 per share

2015

Jan 27

Sold Golden stock for $22.00 per share

Requirements

Journalize Tampas investment transactions. Explanations are not required

On December 31, 2014, how would the Golden stock be classified and at what value would it be reported on the balance sheet?

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