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! Required information [The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to this year. It had the
! Required information [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 $23.50 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $51.00 per share. July 20 Purchased 1,500 shares of Xerox stock at $19.00 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 $30.25 per share. October 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 $1.20 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $25.75; PepsiCo, $48.25; and Xerox, $16.00. 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End Cost Fair Value Unrealized Amount Gem Company PepsiCo Xerox Total $ 0 $ 01
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