Problem C$-4$A $($Static$)$ Recording, adjusting, and reporting stock investments with insignificant influence LO P$4$

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 $3,500$ shares of Gem Company stock at $$24$ per share.

July $7$ Purchased $2,000$ shares of PepsiCo stock at $$49$ per share.

July $20$ Purchased $1,000$ shares of Xerox stock at $$16$ per share.

August $15$ Received a $$1\mathrm{.}00$ per share cash dividend on the Gem Company stock.

August $28$ Sold $2,000$ shares of Gem Company stock at $$30$ per share.

October $1$ Received a $$2\mathrm{.}50$ per share cash dividend on the PepsiCo shares.

December $15$ Received a $$1\mathrm{.}00$ per share cash dividend on the remaining Gem Company shares.

December $31$ Received a $$1\mathrm{.}50$ per share cash dividend on the PepsiCo shares.

The year$-$end fair values per share are Gem Company, $$26$; PepsiCo, $$46$; and Xerox, $$13.$