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! Required information Problem 1 5 - 4 A ( Algo ) Recording, adjusting, and reporting stock investments with insignificarit influence LO P 4 [

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Required information
Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificarit influence LO P4
[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 shortterm stock investments with insignificant influence.
April 16 Purchased 4,000 shares of Gem Company stock at $28.75 per share.
July 7 Purchased 2,000 shares of PepsiCo stock at $50.00 per share.
July 20 Purchased 1,000 shares of Xerox stock at $18.00 per share.
August 15 Received a $0.80 per share cash dividend on the Gem Company stock.
August 28 Sold 2,000 shares of Gem Company stock at $35.50 per share.
0ctober 1 Received a $1.80 per share cash dividend on the PepsiCo shares.
December 15 Received a $0.95 per share cash dividend on the remaining Gem Company shares.
December 31 Received a $1.15 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $31.00; PepsiCo, $47.25; and Xerox, $15.00.
Problem 15-4A (Algo) Part 1
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