Business, 14.04.2020 19:49 AllisonMcruther
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.
Apr. 16 Purchased 3,500 shares of Gem Co. stock at $24 per share.
July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.
20 Purchased 1,000 shares of Xerox stock at $16 per share.
Aug. 15 Received a $1.00 per share cash dividend on the Gem Co. stock.
28 Sold 2,000 shares of Gem Co. stock at $30 per share.
Oct. 1 Received a $2.50 per share cash dividend on the PepsiCo shares.
Dec.15 Received a $1.00 per share cash dividend on the remaining Gem Co. shares.
31 Received a $1.50 per share cash dividend on the PepsiCo shares.
1. Purchased 3,500 shares of Gem Co. stock at $24 per share.
2. Purchased 2,000 shares of PepsiCo stock at $49 per share.
3. Purchased 1,000 shares of Xerox stock at $16 per share.
4. Received a $1.00 per share cash dividend on the Gem Co. stock.
5. Sold 2,000 shares of Gem Co. stock at $30 per share.
6. Received a $2.50 per share cash dividend on the PepsiCo shares.
7. Received a $1.00 per share cash dividend on the remaining Gem Co. shares.
8. Received a $1.50 per share cash dividend on the PepsiCo shares.
Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. The year-end fair values per share are Gem Co., $26; PepsiCo, $46; and Xerox, $13.
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Rose Company had no short-term investments prior to this year. It had the following transactions thi...
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