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Eco Corporation 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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Eco Corporation 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 4, 0 e shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.00 per share cash dividend on the Ontario Company stock. August 28 Sold 2, 490 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a \$2.50 per share cash dividend on the Van Company shares. Eco Corporation had no short-term Investments prlor to this year. It had the following transactions this year Involving short-term stock Investments with Insignificant Influence. April 16 Purchased 4, 0 shares of Ontario Company stock at \$26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.0 per share cash dividend on the Ontario Company stock. August 28 Sold 2,40 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Refeived a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a $2.50 per share cash dividend on the Van Company shares. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Eco Corporation had no short-term Investments prior to this year. It had the following transactlons this year Involving short-term stock Investments with Insignificant Influence. April 16 Purchased 4, 000 shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.00 per share cash dividend on the Ontario Company stock. August 28 Sold 2,40 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company hares. December 31 Received a $2.50 per share cash dividend on the Van Company shares. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity. Eco Corporation 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 4, 0 shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.0 per share cash dividend on the Ontario Company stock. August 28 Sold 2,49 shares of Ontario Company stock at $29 per share. October 1 Received a \$3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a $2.50 per share cash dividend on the van Company shares. The year-end fair values per share are: Ontario Company, $27.00; Van Company, $49.50; and Twinings Company, $15.00. Calculate the total cost and total fair value of the available-for-sale portfolio as of December 31 , and calculate the amount of the required year-end adjusting entry, if any. Eco Corporation 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 4, 0 e shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.00 per share cash dividend on the Ontario Company stock. August 28 Sold 2, 490 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a \$2.50 per share cash dividend on the Van Company shares. Eco Corporation had no short-term Investments prlor to this year. It had the following transactions this year Involving short-term stock Investments with Insignificant Influence. April 16 Purchased 4, 0 shares of Ontario Company stock at \$26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.0 per share cash dividend on the Ontario Company stock. August 28 Sold 2,40 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Refeived a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a $2.50 per share cash dividend on the Van Company shares. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Eco Corporation had no short-term Investments prior to this year. It had the following transactlons this year Involving short-term stock Investments with Insignificant Influence. April 16 Purchased 4, 000 shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.00 per share cash dividend on the Ontario Company stock. August 28 Sold 2,40 shares of Ontario Company stock at $29 per share. October 1 Received a $3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company hares. December 31 Received a $2.50 per share cash dividend on the Van Company shares. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity. Eco Corporation 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 4, 0 shares of Ontario Company stock at $26 per share. July 7 Purchased 2,500 shares of Van Company stock at $51 per share. July 20 Purchased 1,200 shares of Twinings Company stock at $18 per share. August 15 Received an $1.0 per share cash dividend on the Ontario Company stock. August 28 Sold 2,49 shares of Ontario Company stock at $29 per share. October 1 Received a \$3.10 per share cash dividend on the Van Company shares. December 15 Received a $1.20 per share cash dividend on the remaining Ontario Company shares. December 31 Received a $2.50 per share cash dividend on the van Company shares. The year-end fair values per share are: Ontario Company, $27.00; Van Company, $49.50; and Twinings Company, $15.00. Calculate the total cost and total fair value of the available-for-sale portfolio as of December 31 , and calculate the amount of the required year-end adjusting entry, if any

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