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TUI Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Concord, Inc. Balance Sheet (Partial)
TUI Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Concord, Inc. Balance Sheet (Partial) eTextbook and Media List of Accounts December 31, 2020 December 31, 2021 Concord, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 970 shares @$16 each $15,520 Rogers Company 890 shares @$19 each 16,910 Chance Company 510 shares @$9 each 4,590 Equity investments@cost 37,020 Fair value adjustment (7,490) Equity investments @fair value $29,530 During 2020, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Concord, Inc. sold 310 shares of Chance Company for $10 per share. 3. On May 15, Concord, Inc. purchased 90 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $18, and Chance $8. During 2021. the following tramactions took place. 5. On February 1, Concord, Inc. sold the remaining Chance shares for $8 per share. 6. On March 1. Rogers Company paid a $2 per share dividend. 7. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. 8. At December 31, 2021. the stocks had the following price per share values: Evers $20 and Rogers $20.
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