Stoll Co:\'s long-term avallable-for-sale portfollo at December 31, 2014, consis

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 531 250 278,800

Explanation / 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.

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