On September 18, 2019, Rose Company purchased 6,000 shares (9%) of Wozniak, Inc. stock for...
50.1K
Verified Solution
Link Copied!
Question
Accounting
On September 18, 2019, Rose Company purchased 6,000 shares (9%) of Wozniak, Inc. stock for $29 per share. The market value per share of Wozniak's stock at December 31, 2019 was $23. On May 12, 2020, Rose Company sold 1,600 shares of its Wozniak stock for $19 per share. The market value of Wozniak's stock at December 31, 2020 was $34 per share. On April 17, 2021, Rose Company received a dividend of $4 per share on the Wozniak stock. Rose Company sold 2,400 shares of its Wozniak stock on July 19, 2021 for $22 per share. At December 31, 2021, the market value of the Wozniak stock was $37 per share. Calculate the realized loss reported on Rose Company's 2020 income statement. Do not put a minus sign in front of your answer. If a realized loss would not be recorded on this investment in 2020, enter a 0 as your answer.
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!