Question
Stoll Co.s long-term available-for-sale portfolio at December 31, 2012, consists of the following. Available-for-Sale Securities Cost Fair Value 80,000 shares of Company A common stock
Stoll Co.s long-term available-for-sale portfolio at December 31, 2012, consists of the following.
Available-for-Sale Securities Cost Fair Value
80,000 shares of Company A common stock $ 1,070,600 $ 980,000
14,000 shares of Company B common stock 318,750 308,000
35,000 shares of Company C common stock 1,325,500 1,281,875
Stoll enters into the following long-term investment transactions during year.
2013. Jan. 29 Sold 7,000 shares of Company B common stock for $158,375 less a brokerage fee of $3,100.
Apr. 17 Purchased 20,000 shares of Company W common stock for $395,000 plus a brokerage fee of $3,500. The shares represent a 30% ownership in Company W.
July 6 Purchased 9,000 shares of Company X common stock for $253,125 plus a brokerage fee of $3,500. The shares represent a 10% ownership in Company X.
Aug. 22 Purchased 100,000 shares of Company Y common stock for $750,000 plus a brokerage fee of $8,200. The shares represent a 51% ownership in Company Y.
Nov. 13 Purchased 17,000 shares of Company Z common stock for $533,800 plus a brokerage fee of $6,900. The shares represent a 5% ownership in Company Z.
Dec. 9 Sold 80,000 shares of Company A common stock for $1,030,000 less a brokerage fee of $4,100.
The fair values of its investments at December 31, 2013, are:
The fair values of its investments at December 31, 2013, are: |
Fair Value | ||
B | $ | 162,750 |
C | $ | 1,220,625 |
W | $ | 382,500 |
X | $ | 236,250 |
Y | $ | 1,062,500 |
Z | $ | 557,600 |
|
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