[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 6,000 shares of Gem Company stock at $25.50 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share. Purchased 1,500 shares of Xerox stock at $19.00 per share. July 20 August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share. October 1 Received a $2.00 per December 15 Received a $1.10 per share cash dividend on the PepsiCo shares. share cash dividend on the remaining Gem Company shares. December 31 Received a $1.30 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end.

[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 6,000 shares of Gem Company stock at $25.50 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $47.00 per share. Purchased 1,500 shares of Xerox stock at $19.00 per share. July 20 August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.25 per share. October 1 Received a $2.00 per December 15 Received a $1.10 per share cash dividend on the PepsiCo shares. share cash dividend on the remaining Gem Company shares. December 31 Received a $1.30 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $27.75; PepsiCo, $44.25; and Xerox, $16.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 21DQ

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