Stoll Co:\'s long-term avallable-for-sale portfollo at December 31, 2014, consis
ID: 2565039 • Letter: S
Question
Stoll Co:'s long-term avallable-for-sale portfollo at December 31, 2014, consists of the following Avallable-for-Sale Securites 40,000 shares of Company A common stock 7,000 shares of Company B common stock Cost Falr Value s 490,000 159,380 154.000 662,750 640,938 $ 535.300 17,500 shares of Company C common stock Stoll enters into the following long-term Investment transactions during year 2015. Jan. 29 Sold 3,500 shares of Company B common stock for $79,188 less a brokerage fee of $1.500. Apr, 17 Purchased 10,000 shares of Company W common stock for $197,500 plus a brokerage fee of July 6 Purchased 4,500 shares of Company X common stock for $126,562 plus a brokerage fee of $1,750, Aug 22 Purchased 50,000 shares of Company Y common stock for $375,000 plus a brokerage fee of Nov. 13 Purchased 8,500 shares of Company Z common stock for $267.900 plus a brokerage fee of Dec, 9 Sold 40 000 shares of Company A common stock for $515.000 less a brokerage fee of $4.100 $2,400 The shares represent a 30% ownership 'n Company w The shares represent a 10% ownership in Company X. $1.200. The shares represent a 51% ownership in Company Y $2.450 The shares represent a 5% ownership in Company Z 9 The falr volues of its investments at December 31, 2015, are: Falr Value 81375 S 610,312 W S 191.250 $ 118,125 YS 531 250 278,800Explanation / Answer
Year 2015 realized gains (losses Stock sold Cost Sales Gain/Loss 3,500 shares of Company B stock $79,690 $77,688 -$2,002 40,000 shares of Company A stock $535,300 $510,900 -$24,400 Realized gain ( loss) -$26,402 Only gains or losses realized on the sale of available for sale securities appear on the 2015 income statement. Unrealized gains or losses appear in the equity section of the balance sheet.