Stoll enters into the following long-term investment transactions during year 2017.

Jan. 29 Sold 11,000 shares of Company B common stock for $165,375 less a brokerage fee of $3,100. Apr. 17 Purchased 21,000 shares of Company W common stock for $430,000 plus a brokerage fee of $2,800. The shares represent a 30% ownership in Company W. July 6 Purchased 14,000 shares of Company X common stock for $256,625 plus a brokerage fee of $2,800. The shares represent a 12% ownership in Company X. Aug. 22 Purchased 100,000 shares of Company Y common stock for $560,000 plus a brokerage fee of $7,600. The shares represent a 51% ownership in Company Y. Nov. 13 Purchased 18,000 shares of Company Z common stock for $530,300 plus a brokerage fee of $5,600. The shares represent a 5% ownership in Company Z. Dec. 9 Sold 70,000 shares of Company A common stock for $1,026,000 less a brokerage fee of $4,100.

The fair values of its investments at December 31, 2017, are: B, $166,250; C, $1,224,125; W, $386,000; X, $239,750; Y, $1,066,000; and Z, 561,100.

Problem 15-5A Part 1 and 2 Required: 1. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available-for-sale securities. 2. Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.

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thod Securities Saved Required information Problem 15-5A Long-term investment transactions; unrealized and realized gains P4 The following information applies to the questions displayed below Stoll Co.'s long-term available-for-sale portfolio at December 31, 2016, consists of the following Available-for-Sale Securities 7e,ee0 shares of Company A common stock 22,000 shares of Company B common stock 31,000 shares of Company C common stock Cost Fair Value $1,036,600 332,750 1,350,000 eee'e96 322,000 1,302,875 Stoll enters into the following long-term investment transactions during year 2017 Can. 29 Sold 11,000 shares of Company B common stock for $165,375 less a brokerage fee af $3, Apr. 17 Purchesed 21,00e shares of Company comnon stock for $430,000 plus a roeragr fee a represent 30% ounership in Company w uly 6 Purshased 14, 000 shares of Company x common stock for $256.625 pl abrokerage er of Required information Fair Value Adjustment Computation Available for Sale Securities December 31, 2017 AFS Securities Unrealized N of shares Cost Fair Value Amount Company A common stock Company B common stock Company C common stock Company W common stock Company Y common stock Company X common stock 0 S Total 0 co 6 7 Next