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On December 31, 2017, Turnball Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of
On December 31, 2017, Turnball Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee. Shares Cost Common Stock Gehring Co. Wooderson Co. Kitselton Co. 2,040 $59,160 4,98044,820 1,64029,520 On December 31, 2017, the total fair value of the securities was equal to its cost. In 2018, the following transactions occurred: Aug. 1 Received $0.50 per share cash dividend on Gehring Co. common stock. Sept. 1 Sold 1,494 shares of Wooderson Co. common stock for cash at $8 per share. Oct. 1 Sold 816 shares of Gehring Co. common stock for cash at $32 per share. Nov. Received $1 per share cash dividend on Kitselton Co. common stock. Dec. 15 Received $0.50 per share cash dividend on Gehring Co. common stock Dec. 31 Received $1 per share annual cash dividend on Wooderson Co. common stock. At December 31, the fair values per share of the common stocks were: Gehring Co. $31, Wooderson Co. $8, and Kitselton Co. $16
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