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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 A Algo Recording, adjusting, and reporting stock investments with insignificant influence
LO P
The following information applies to the questions displayed below.
Rose Company had no shortterm investments prior to this year. It had the following transactions this year involving short
term stock investments with insignificant influence.
April Purchased shares of Gem Company stock at $ per share.
July Purchased shares of PepsiCo stock at $ per share.
July Purchased shares of Xerox stock at $ per share.
August Received a $ per share cash dividend on the Gem Company stock.
August Sold shares of Gem Company stock at $ per share.
October Received a $ per share cash dividend on the Pepsico shares.
December Received a $ per share cash dividend on the remaining Gem Company shares.
December Received a $ per share cash dividend on the PepsiCo shares.
The yearend fair values per share are Gem Company, $; PepsiCo, $; and Xerox, $
Problem A Algo Part
Identify the dollar increase or decrease from Rose's shortterm stock investments on a its income statement for this year and b the
equity section of its balance sheet at this yearend.
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