Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 18, 2019, rose company purchased 6,00

On September 18, 2019, Rose Company purchased 6,000 shares (9%) o f Wozniak, Inc. stock...

80.2K

Verified Solution

Question

Accounting

image

On September 18, 2019, Rose Company purchased 6,000 shares (9%) o f Wozniak, Inc. stock for $28 per share. The market value per share of wozni ak's stock at December 31, 2019 was $24. On May 12, 2020, Rose Company sold 1,400 shares of its Wozniak stock for $19 per share. The market value of Wozni ak s stock at December 31, 2020 was $33 per share. On April 17, 2021, Rose Comp any received a dividend of $4 per share on the Wozniak stock. Rose Company sol d 2,700 shares of its wozniak stock on July 19, 2021 for $22 per share. At Decem ber 31, 2021, the market value of the Wozniak stock was $27 per share. Calculate the amount of the unrealized loss reported on Rose Comp any's 2021 income statement. If an unrealized loss would not be recorded in 2021 on this investment, enter a 0 as your

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A company is interested in the satisfaction of their employees, so they hired a consulting firm...

Physics
1.2K views

A student put a red rose under blue light and the rose appears black. Student places...

Finance
1.2K views

McGilla Golf has decided to sell a new line of golf clubs. The length of this...

Physics
1.2K views

1 Is the critical angle greater for green light or blue light What does this...

Calculus
1.2K views

Find the length of the following two dimensional curve L T TU r t 7...

Calculus
1.2K views

In 4 5x find f 0 e 1 25 Enter a number

Accounting
1.2K views

a company has issued debentures of $42 lakh to be repaid in 8 years ....

Accounting
1.2K views

I need the answer of b) The following is...

Accounting
1.2K views

PainFree sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is...

Accounting
1.2K views

In a special sales order decision, incremental fixed costs that will be incurred if the...

Accounting
1.2K views

Presented below is an aging schedule for Whispering Winds Corp.. ...

Finance
1.2K views

Which of the following is a false statemeri. garoing a quasi contract? A quasi contract...