Please answer the following questions. It is very important that it be done correctly. Please inform me if you are not sure on the answer. If not and the question is completely wrong I will be unsubscribing to course hero. Thank you.
Eleston Printing acquired the following short-term equity securities on January I, 2Xl2: Company ' of Shares PriCe shang Total Cost Color, Inc. r 250 522 $ 5,5()0 Black, Inc. 300 22 6,600 White, Inc. 500 '14 JOB-il Sl9,'100 The year-end prices per share were as follows: Company 1213112X12 Color, Inc. $21 Black, Inc. 24 White, Inc. 13 Eleston Printing considers Color, Inc. stock to be a trading security and Black, Inc. and White, Inc. to be available-for-sale securities. What amount will be reflected as "Investments in Equity Securities" on Eleston's December 31, 2X12 balance sheet? (Please show your work.) that amount, if any, will be reflected as a net gain or loss in Other Comprehensive Income on Eleston's December 31, 2X12 balance sheet? (Please show your work.) '11 b the net gain or loss reported on the income statement of Eleston Printing for the year ending What Wi e December 31, 2X12? (Please show your work.)L an"! uaum Problem 4 [15 points] Eleston Printing acquired the following short-term equity securities on January 1, 2X12: Companv # of Shares Pricelshare Total Cost Color, Inc. - 250 $22 $ 5,500 Black, Inc. 300 22 6,600 White, Inc. 500 14 7.000 $19,100 The year-end prices per share were as follows: Companv 1213112X12 Color, Inc. $21 Black, Inc. 24 White, Inc. 13 Eleston Printing considers Color, Inc. stock to be a trading security and Black, Inc. and White, Inc. to be available-for-sale securities. What amount will be reflected as "Investments in Equity Securities" on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What amount, if any, will be reflected as a net gain or loss in Other Comprehensive Income on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What will be the net gain or loss reported on the income statement of Eleston Printing for the year ending December 31, 2X12? (Please show your work.)Problem 4 [15 points] Eleston Printing acquired the following short-term equity securities on January 1, 2X12: Company if of Shares Eric-ejS-h-a-[g 19121.ng Color, Inc. > 250 $22 $ 5500 Black, Inc. 300 22 6,600 White, Inc. 500 14 7,000 $19,100 The year-end prices per share were as follows: Company 12 31 2X12 Color, Inc. $21 Black, Inc. 24 White, Inc. 13 Eleston Printing considers Color, Inc. stock to be a trading security and Black, Inc. and White, Inc. to be available-for-sale securities. What amount will be reflected as "Investments in Equity Securities" on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What amount, if any, will be reflected as a net gain or loss in Other Comprehensive Income on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What will be the net gain or loss reported on the income statement of Eleston Printing for the year ending December 31, 2X12? (Please show your work.)Problem 4 [15 points] Eleston Printing acquired the following short-term equity securities on January 1, 2X12: Company # of Shares Pricelshare Total Cost Color, Inc. A 250 $22 $ 5,500 Black, Inc. 300 22 6,600 White, Inc. 500 14 7,000 $19,100 The year-end prices per share were as follows: Company 12131Z2X12 Color, Inc. $21 Black, Inc. 24 White, Inc. 13 Eleston Printing considers Color, Inc. stock to be a trading security and Black, Inc. and White, Inc. to be available-for-sale securities. What amount will be reflected as "Investments in Equity Securities" on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What amount, if any, will be reflected as a net gain or loss in Other Comprehensive Income on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What will be the net gain or loss reported on the income statement of Eleston Printing for the year ending December 31, 2X12? (Please show your work.)Problem 4 [15 points] ' ' . XIZ' Eleston Printing acquired the following short-term equity securities on January 1, 2 . Company 33 of Shares PriceZshare Total Cost Color, Inc. 250 $22 $ 5,500 Black, Inc. 300 22 6,600 White, Inc. 500 14 7,00Q $19,100 The year-end prices per share were as follows: Companv 1213112X12 Color, Inc. $21 Black, Inc. 24 White, Inc. 13 Eleston Printing considers Color, Inc. stock to be a trading security and Black, Inc. and White, Inc. to be available-for-sale securities. What amount will be reflected as "Investments in Equity Securities" on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What amount, if any, will be reflected as a net gain or loss in Other Comprehensive Income on Eleston's December 31, 2X12 balance sheet? (Please show your work.) What will be the net gain or loss reported on the income statement of Eleston Printing for the year ending ; December 31, 2X12? (Please show your work.)
