Check my work Check My Work button is now enabledItem 4Item 4 Part 1 of 2 4 points Required information [The following information applies to the questions displayed below.] Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value Company A bonds $ 535,300 $ 490,000 Company B notes 159,380 154,000 Company C bonds 662,750 640,940 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $79,200. July 6 Purchased bonds of Company X for $126,600. Nov. 13 Purchased notes of Company Z for $267,900. Dec. 9 Sold all of the bonds of Company A for $515,000. The fair values at December 31 are B, $81,000; C, $610,000; X, $118,000; and Z, $278,000.
Required: 1. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.
2. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities
Check my work Check My Work button is now enabledItem 4Item 4 Part 1 of 2...
Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value Company A bonds $ 535,300 $ 490,000 Company B notes 159,380 154,000 Company C bonds 662,750 640,940 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $79,200. July 6 Purchased bonds of Company X for $126,600. Nov. 13 Purchased notes of Company Z for $267,900. Dec....
Stoll Co.'s long-term available for sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $534,300 159,49€ 661,9ee Fair Value $490, eee 148,888 644,280 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,5ee. July 6 Purchased bonds of Company X for $120,600. Nov. 13 Purchased notes of Company Z for $267,000....
[The following information applies to the questions displayed below.] Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value Company A bonds $ 532,300 $ 490,000 Company B notes 159,080 148,000 Company C bonds 662,500 649,600 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,920. July 6 Purchased bonds of Company X for $122,500. Nov....
Chapter 15 Investments 655 Co.'s long-term available-for-sale portfolio at December 31, 2016, consists of the following. Available-for-Sale Securities 40,000 shares of Company A common stock. 7,000 shares of Company B common stock 17,500 shares of Company C common stock. Problem 15-5A Long-term investment transactions; unrealized and realized gains and losses C2 P3 P4 Fair Value Cost $535,300 159,380 $490,000 154,000 640,938 to the following long-term investment transactions during year 2017. ng Sold 3,500 shares of Company B common stock for...
Required information (The following information applies to the questions displayed below.) Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $534,300 159,490 661,900 Fair Value $490, eee 148,000 644,280 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,5ee. July 6 Purchased bonds of Company X for $120,600....
question the previous attempt. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $534,300 159,490 661,900 Fair Value $490, eee 148,000 644,280 Stoll enters into the following transactions involving its available for sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,500. July 6 Purchased bonds of Company X for $120,680. Nov. 13 Purchased notes of Company 2 for $267,000. Dec. 9 Sold all of the bonds of Company A for...
Stoll Co.'s long-term available-for-sale portfolio at December 31,
2016, consists of the following
Stoll Co.'s long-term available-for-sale portfolio at December 31, 2016, consists of the following. Available-for-Sale Securities Fair Value cos t 80,000 shares of Company A common stock 46,000 shares of Company B common stock 43,000 shares of Company C common stock $1,048,600 356,750 919,000 346,000 1,338,875 1,392,000 1, Stoll enters into the following long-term investment transactions during year 2017 Jan. 29 Sold 23,000shares of Company B common stock...
Check my workCheck My Work button is now enabled Item3 Item 3 10 points Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2018. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $200 million for the bonds. The company will receive interest semiannually on June 30 and December 31. Company management has classified the bonds as available-for-sale investments. As a result of changing...
Stoll Co.’s long-term available-for-sale portfolio at December 31, 2016, consists of the following. Available-for-Sale Securities Cost Fair Value 50,000 shares of Company A common stock $ 1,032,600 $ 920,000 14,000 shares of Company B common stock 324,750 314,000 27,000 shares of Company C common stock 1,336,000 1,290,875 Stoll enters into the following long-term investment transactions during year 2017. Jan. 29 Sold 7,000 shares of Company B common stock for $161,375 less a brokerage fee of $2,700. Apr. 17 Purchased 20,000...
Check my work Check My Work button is now enabledItem 8Item 8 Part 1 of 5 1 points Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections from Atticus Group’s 2016 and 2017 year-end balance sheets follow. Stockholders’ Equity (December 31, 2016) Common stock—$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $ 180,000 Paid-in capital in excess of par...