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Required information Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the
Required information Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the questions displayed below] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $533,900 159,350 Fale Value $492,000 151,000 663,800 646,440 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,376. July 6 Purchased Company X bonds for $124,000. November 13 Purchased Company 2 notes for $267,400. December 9 Sold all of the Company A bonds for $519,400. Fair values at December 31 are B. $82,200, C. $604,900, x, $115,000; and Z. $277,000. Problem 15-3A (Algo) Part 1 and 2
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