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 shortterm stock investments with insignificant influence. Apri1 16 Purchased 8,eee shares of Gem Company stock at $21.50 per share. July 7 Purchased 4 , eee shares of Pepsico stock at $49.00 per share. July 20 Purchased 2 , e0e shares of Xerox stock at $18.00 per share. August 15 Received a 50.90 per share cash dividend on the Gem Company stock. August 28 Sold 4 , eee shares of Gen Company stock at $28.25 per share. October 1 Received a $1.80 per share cash dividend on the Pepsico shares. December 15 Received a $1, es per share cash dividend on the remaining Gem Company shares. Decenber 31 Received a $1.15 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, $23.75, PepsiCo, $46.25; and Xerox, $15.00. Problem 15-4A (Algo) Part 4 1. Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short-term investments Note: Amounts to be deducted should be entered with a minus sign. Required information Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [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 8 , eee shares of Gem Company stock at $21.50 per share. July 7 Purchased 4 ,ee0 shares of Pepsico stock at 549.00 per share. July 28 . Purchased 2,eea shares of Xerox stock at \$18.ee per share. August 15 Received a $8.90 per share cash dividend on the Get Company stock. August 28 50ld 4 , eBo shares of Gem Company stock at \$28.25 per share. October 1 Received a \$1.88 per share cash dividend on the Pepsico shares. December 15 Received a 51.05 per share cash dividend on the remaining Gen Conpany 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, $23.75, PepsiCo, $46.25; and Xerox, $15.00 Problem 15-4A (Algo) Part 5 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. 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfollo of short-term stock investments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. Problem 15.4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [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. Apri2 16 Purchased 8, eee shares of Gen Company stock at $21.50 per share. July 7 Purchased 4 , eee shares of Pepsico stock at $49.00 per share. July 20 Purchased 2 , e00 shares of Xerox stock at $18, ee per share. August 15 Received a $0.90 per share cash dividend on the Gen Corpany stock. August 28 Sold 4 , 000 shares of Gem Company stock at $28.25 per share. October 1 Received a $1.80 per share cash dividend on the Pepsico shares. Decenber 15 Received a $1.05 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, \$23.75; PepsiCo, \$46.25; and Xerox, \$15.00. 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 shortterm stock investments with insignificant influence. Apri1 16 Purchased 8,eee shares of Gem Company stock at $21.50 per share. July 7 Purchased 4 , eee shares of Pepsico stock at $49.00 per share. July 20 Purchased 2 , e0e shares of Xerox stock at $18.00 per share. August 15 Received a 50.90 per share cash dividend on the Gem Company stock. August 28 Sold 4 , eee shares of Gen Company stock at $28.25 per share. October 1 Received a $1.80 per share cash dividend on the Pepsico shares. December 15 Received a $1, es per share cash dividend on the remaining Gem Company shares. Decenber 31 Received a $1.15 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, $23.75, PepsiCo, $46.25; and Xerox, $15.00. Problem 15-4A (Algo) Part 4 1. Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short-term investments Note: Amounts to be deducted should be entered with a minus sign. Required information Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [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 8 , eee shares of Gem Company stock at $21.50 per share. July 7 Purchased 4 ,ee0 shares of Pepsico stock at 549.00 per share. July 28 . Purchased 2,eea shares of Xerox stock at \$18.ee per share. August 15 Received a $8.90 per share cash dividend on the Get Company stock. August 28 50ld 4 , eBo shares of Gem Company stock at \$28.25 per share. October 1 Received a \$1.88 per share cash dividend on the Pepsico shares. December 15 Received a 51.05 per share cash dividend on the remaining Gen Conpany 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, $23.75, PepsiCo, $46.25; and Xerox, $15.00 Problem 15-4A (Algo) Part 5 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. 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfollo of short-term stock investments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. Problem 15.4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [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. Apri2 16 Purchased 8, eee shares of Gen Company stock at $21.50 per share. July 7 Purchased 4 , eee shares of Pepsico stock at $49.00 per share. July 20 Purchased 2 , e00 shares of Xerox stock at $18, ee per share. August 15 Received a $0.90 per share cash dividend on the Gen Corpany stock. August 28 Sold 4 , 000 shares of Gem Company stock at $28.25 per share. October 1 Received a $1.80 per share cash dividend on the Pepsico shares. Decenber 15 Received a $1.05 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, \$23.75; PepsiCo, \$46.25; and Xerox, \$15.00