Qs 15 12 Algo Adjusting Stock Investments To Fair Value Lo P4 Prepare Tiker Company S Journal Entries To Record The Fo 1 (39.69 KiB) Viewed 77 times
Qs 15 12 Algo Adjusting Stock Investments To Fair Value Lo P4 Prepare Tiker Company S Journal Entries To Record The Fo 2 (35.25 KiB) Viewed 77 times
Qs 15 12 Algo Adjusting Stock Investments To Fair Value Lo P4 Prepare Tiker Company S Journal Entries To Record The Fo 3 (35.27 KiB) Viewed 77 times
QS 15-12 (Algo) Adjusting stock investments to fair value LO P4 Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio. This is the first and only time the company purchased such securities. May 9 Purchases 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. June 2 Sells 140 shares of its investment in Hago stock ($6,020 cost) at $46 per share. December 31 The closing market price (fair value) of the Higo stock is $41 per share. View transaction list Journal entry worksheet < 1 2 3 ces Purchases 380 shares of Higo stock as a short-term investment at a cost of $43 per share. Tiker has insignificant influence over Higo. Note: Enter debits before credits General Journal Debit Credit Date May 09
View transaction list Journal entry worksheet く 3 1 2 > Sells 140 shares of its investment in Higo stock ($6,020 cost) at $46 per share. es Note: Enter debits before credits. Date General Journal Debit Credit June 02 Record entry Clear entry View general Journal
View transaction list Journal entry worksheet < 1 N 2 3 3 The closing market price (fair value) of the Higo stock is $41 per share. Record the year-end adjustment to fair value, if any. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal
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