Stock Erwestment Transactions, Equity Method and Available for Sale Securities Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on Lancary 1 Year 1 Products Inc., which has a fiscal year ending on December 31 Year 1 Jan. 18. Purchased 8,300 shares of Malmo Inc, as an available for sale investment at $36 per share, including the brokerage July 22. A cash dividend of $0.60 per share was received on the Malmo stock in Oct. 5 Sold 2,500 shares of Malmo Inc. stock at $39 per share less a brokerage commission of 540. Dec. 18. Received a regular cash dividend of $0.50 per share on Malmo Inc. stock Dec. 31 Malmo Inc. is classified as an available for sale investment and is adjusted to a fair value of $4 per share Use the valuation allowance for available for sale investments account in making the w e nt Year 2 ILO Jan. 25. Purchased an influential interest in Helsi Co. for $770,000 by purchasing 56,000 shares directly from the estate of the founder of Helsi. There are 140,000 shares of HelsiCo stock outstanding July 16. Received a cash dividend of $0.70 per share on Malmo Inc. stock Dec. Received a cash dividend of $0.70 per share plus an extra dividend of $0.10 per share on Malmo Inc, stock Dec. 31 Received $23,000 of cash dividends on Helsi Co stock. Helsi Co. reported net income of $95,000 in Glacier Products Inc. uses the equity method of accounting for its investment in Hels: Co. Dec 31 Malmo Inc. is classified as an available for sale investment and is adjusted to a fair value of per share previous Check My Work wordt Samil Ang for Grading Stock Erwestment Transactions, Equity Method and Available for Sale Securities Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on Lancary 1 Year 1 Products Inc., which has a fiscal year ending on December 31 Year 1 Jan. 18. Purchased 8,300 shares of Malmo Inc, as an available for sale investment at $36 per share, including the brokerage July 22. A cash dividend of $0.60 per share was received on the Malmo stock in Oct. 5 Sold 2,500 shares of Malmo Inc. stock at $39 per share less a brokerage commission of 540. Dec. 18. Received a regular cash dividend of $0.50 per share on Malmo Inc. stock Dec. 31 Malmo Inc. is classified as an available for sale investment and is adjusted to a fair value of $4 per share Use the valuation allowance for available for sale investments account in making the w e nt Year 2 ILO Jan. 25. Purchased an influential interest in Helsi Co. for $770,000 by purchasing 56,000 shares directly from the estate of the founder of Helsi. There are 140,000 shares of HelsiCo stock outstanding July 16. Received a cash dividend of $0.70 per share on Malmo Inc. stock Dec. Received a cash dividend of $0.70 per share plus an extra dividend of $0.10 per share on Malmo Inc, stock Dec. 31 Received $23,000 of cash dividends on Helsi Co stock. Helsi Co. reported net income of $95,000 in Glacier Products Inc. uses the equity method of accounting for its investment in Hels: Co. Dec 31 Malmo Inc. is classified as an available for sale investment and is adjusted to a fair value of per share previous Check My Work wordt Samil Ang for Grading
