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GL1501 (Algo) - Based on Problem 15-4A LO P4 Twist Corporation had no short-term investments prior to this year. It had the following transactions
GL1501 (Algo) - Based on Problem 15-4A LO P4 Twist 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 July 7 July 20 August 15 August 28 October 1 December 15 December 31 Purchased 5,000 shares of Lafayette Company stock at $26 per share. Purchased 3,500 shares of CVF Company stock at $51 per share. Received an $1.20 per share cash dividend on the Lafayette Company stock. Purchased 1,600 shares of Green Company stock at $18 per share. Sold 3,000 shares of Lafayette Company stock at $29 per share. Received a $3.30 per share cash dividend on the CVF Company shares. Received a $1.40 per share cash dividend on the remaining Lafayette Company shares. Received a $2.70 per share cash dividend on the CVF Company shares. General Requirement Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change 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.
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