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Problem C-5A Long-term investment transactions; unrealized and realized gains and losses LO C2, P3, P4 The following information applies to the questions displayed below Stoll

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Problem C-5A Long-term investment transactions; unrealized and realized gains and losses LO C2, P3, P4 The following information applies to the questions displayed below Stoll Co's long term availiable-for-sale portfolio at December 31, 2014, consists of the following Cost Fair Value $1040,600 40,000 shares of Company A common stock 30,000 shares of Company B common stock $930,000 330,000 340750 5,000 shares of Compeny C common stock 1,364,000 1,314,875 Stoll enters Into the following long-term investment transactions during year 2015 Jan 29 Sold 15,000 shares of Company B common stock for $169,375 less a brokerage fee of $3,500 Apr. 17 Purchased 21,000 shares of Company W common stock for $450,000 plus a brokerage fee of S3.200. The shares represent a 30% ownership in Company w 3,200. The shares represent a 10% ownership in Company X, $8,000 The shares represent a 51% ownership in Company Y $6,000. The shares represent a 5% ownership in Company Sold 40,000 shares of Company A common stock for $1,028000 less a brokerage fee of $4,100 July 6 Purchased 9,000 shares of Company X common stock for $258,625 plus a brokerage fee of es of Company Y common stock for $600,000 plus a brokerage fee of Nov. 13 Purchased 13,000 shares of Compeny Z common stock for $528.300 plus a brokerage fee of Dec 9 The fair values of ts investments at December 31, 2015, are Fair Value B $ 168.250 C $ 1,226,125 W $ 388,000 x 241750 Y $1068,000 Z $ 563,100

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