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[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
[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 3,500 shares of Gen Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gen Company stock. August 28 Sold 2,000 shares of Gen Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gen Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13. 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 Gem Company PepsiCo Xerox Total Cost $ 36,000 98,000 16,000 Fair Value Unrealized Amount $ 150,000 $ Unrealized loss
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