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Please help me, I dont understand im doing wrong with the fair value calculations! Crane, Inc. had the following equity investment portfolio at January 1,
Please help me, I dont understand im doing wrong with the fair value calculations!
Crane, Inc. had the following equity investment portfolio at January 1, 2025. Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value. During 2025, the following transactions took place. 1. 2. 3. 4. 5. During 2026, the following transactions took place. 6. 960 shares @ $16 each 910 shares @ $22 each 500 shares @ $9 each 7. 8. $15,360 20,020 4,500 39,880 (7,870) $32,010 On March 1, Rogers Company paid a $2 per share dividend. On April 30, Crane, Inc. sold 310 shares of Chance Company for $11 per share. On May 15, Crane, Inc. purchased 110 more shares of Evers Company stock at $17 per share. At December 31, 2025, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8. On February 1, Crane, Inc. sold the remaining Chance shares for $8 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2026, the stocks had the following price per share values: Evers $20 and Rogers $23.
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