[The following information applies to the questions displayed below Stoll Co.\'s

Question

[The following information applies to the questions displayed below Stoll Co.'s long-term avallable-for-sale portfolio at December 31, 2014, consists of the following Available-for-Sale Securties 40,000 shares of Company A common stock 30,000 shares of Company B common stock 35,000 shares of Company C common stock CostFair Value $930,000 340,750330,000 1314.875 $1,040,600 1,364,000 Stoll enters into the following long-term Investment transactions during year 2015. Sold 15,000 shares of Company B common stock for $169.375 less a brokerage fee of $3.500. $3.200. The shares represent a 30% ownership In Company $3,200 The shares represent a 10% ownership in Company X. $8,000. The shares represent a 51% ownership In Company Y $6,000. The shares represent a 5% ownership in Company Z Jan. 29 Apr. 17 Purchased 21,000 shares of Company W common stock for $450,000 plus a brokerage fee of July 6 Purchased 9,000 shares of Company X common stock for $258,625 plus a brokerage fee of Aug. 22 Purchased 100,000 shares of Company Y common stock for $600.000 plus a brokerage fee of Nov. 13 Purchased 13,000 shares of Company Z common stock for $528.300 plus a brokerage fee of Dec. 9 Sold 40,000 shares of Company A common stock for $1.028,000 less a brokerage fee of $4,100 The falr values of its investments at December 31, 2015, are: Fair Value B$168.250 C $1.226.125 W$ 388.000 X $241,750 Y $ 1,068.000 Z $ 563.100

Explanation / Answer

Fair value adjustment 31-Dec No. of shares Cost Fair value Unrealized amt Company B Common stock 15000 170375 168250 -2125 (340750/30000*15000) Company C Common stock 35000 1364000 1226125 -137875 Company X Common stock 9000 261825 241750 -20075 258625+3200 Company Z Common stock 13000 534300 563100 28800 528300+6000 Total 2330500 2199225 -131275 Accounst Title Dr Cr Unrealized Loss on securities 131275 Fair value adjustment-AFS 131275 If any doubt please comemnt

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