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QUESTION 5 Stewart Corporation's trading portfolio of stock investments consisted of the following at December 31, 2019 Total Cost Cost per share Number of Shares
QUESTION 5 Stewart Corporation's trading portfolio of stock investments consisted of the following at December 31, 2019 Total Cost Cost per share Number of Shares Stock $140 $14,000 100 CONN Common Stock 400 $15 6,000 ARES Preferred Stock 8,250 275 $30 HALL Common Stock 3,000 50 $60 PALL Common Stock $31,250 TOTAL>>>>>> At vear end on December 31, 2019, the fair values per share were: GO At year end on December 31, 2019, the fair values per share were: CONN Common Stock $158 $14 ARES Preferred Stock HALL Common Stock $24 PALL Common Stock $62 Instructions On December 31, 2019, prepare any adjusting entry that might be necessary relative to the trading portfolio. (a) Prepare a partial balance sheet for Stewart Corporation's showing how the portfolio of investment will be (c) reported (valued) at December 31, 2019
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