Problem 15 4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 Skip to question The following information applies to the questions displayed below 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 4,000 shares of Gem Company stock at $24 00 per share July 7 Purchased 2,000 shares of PepsiCo stock at $48 00 per share July 20 Purchased 1,000 shares of Xerox stock at $18 00 per share August 15 Received a $0 95 per share cash dividend on the Gem Company stock August 28 Sold 2,000 shares of Gem Company stock at $30 75 per share October 1 Received a $1 80 per share cash dividend on the PepsiCo shares December 15 Received a $1 10 per share cash dividend on the remaining Gem Company shares December 31 Received a $1 10 per share cash dividend on the PepsiCo shares The year end fair values per share are Gem Company, $26 25 PepsiCo, $45 25 and Xerox, $15 00 Problem 15 4A (Algo) Part 5 5 Identify the dollar increase or decrease from Roses short term stock investments on ( a ) its income statement for this year and ( b ) the equity section of its balance sheet at this year end

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Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 Skip to question [The following information applies to the questions displayed

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

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[The following information applies to the questions displayed below.]

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 4,000 shares of Gem Company stock at $24.00 per share.
July 7	Purchased 2,000 shares of PepsiCo stock at $48.00 per share.
July 20	Purchased 1,000 shares of Xerox stock at $18.00 per share.
August 15	Received a $0.95 per share cash dividend on the Gem Company stock.
August 28	Sold 2,000 shares of Gem Company stock at $30.75 per share.
October 1	Received a $1.80 per share cash dividend on the PepsiCo shares.
December 15	Received a $1.10 per share cash dividend on the remaining Gem Company shares.
December 31	Received a $1.10 per share cash dividend on the PepsiCo shares.

The year-end fair values per share are Gem Company, $26.25; PepsiCo, $45.25; and Xerox, $15.00.

Problem 15-4A (Algo) Part 5

5. Identify the dollar increase or decrease from Roses short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end.