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

Required information
Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant 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 short-
term stock investments with insignificant influence.
April 16 Purchased 6,000 shares of Gem Company stock at $25.25 per share.
July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share.
July 20 Purchased 1,500 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 3,000 shares of Gem Company stock at $32.00 per share.
October 1 Received a $1.70 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 $1.05 per share cash dividend on the PepsiCo shares.
The year-end fair values per share are Gem Company, $27.50; PepsiCo, $46.25; and Xerox, $15.00.
Problem 15-4A (Algo) Part 5
Identify the dollar increase or decrease from Rose's 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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