Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4

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Rose Company 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 6,000 shares of Gem Company stock at $28.00 per share.
July 7	Purchased 3,000 shares of PepsiCo stock at $45.00 per share.
July 20	Purchased 1,500 shares of Xerox stock at $19.00 per share.
August 15	Received a $0.85 per share cash dividend on the Gem Company stock.
August 28	Sold 3,000 shares of Gem Company stock at $34.75 per share.
October 1	Received a $1.50 per share cash dividend on the PepsiCo shares.
December 15	Received a $1.00 per share cash dividend on the remaining Gem Company shares.
December 31	Received a $1.25 per share cash dividend on the PepsiCo shares.

The year-end fair values per share are Gem Company, $30.25; PepsiCo, $42.25; and Xerox, $16.00.

Problem 15-4A (Algo) Part 4

4. Prepare the current asset section of the balance sheet for the fair value adjustment for Roses short-term investments.

Note: Amounts to be deducted should be entered with a minus sign.