Requirements Raider Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) 1. Journalize Raider's investment transactions. Explanations are not required. Read the requirements. 2. Classify and prepare a partial balance sheet for Raider's Voltexar investment as of December 31, 2018. 3. Prepare a partial income statement for Raider Investments for year ended December 31, 2018. Raider Investments Balance Sheet (Partial) December 31, 2018 Current Assets: Print Done Long-term Assets: Stockholders' Equity Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents 2% ownership in Voltexar's voting stock. Raider does not have significant influence over Voltexar. Raider intends to hold the Accumulated Other Comprehensive Income: Jan, 14 investment for the indefinite future. Requirement 3. Prepare a partial income statement for Raider Investments for year ended December 31 Aug. 22 Received a cash dividend of $0.71 per share on the Voltexar stock Dec. 31 Adjusted the investment to its current market value of $50 per share. Dec. 31 Voltexar reported net income of $300,000 for the year ended 2018. Raider Investments Income Statement (Partial) For the Year Ended December 31, 2018 Print Done IDI $4 4. %23 est Requirements Raider Investments completed the following investment transactions during 2018: 1. Journalize Raider's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Raider's Voltexar investment as of December 31, 2018. 3. Prepare a partial income statement for Raider Investments for year ended December 31, 2018. A (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Raider's investment transactions. Explanations are not required. (Record required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents intends to hold the investment for the indefinite future. Print Done Date Accounts Debit Jan. 14 Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents 2% ownership in Voltexar's voting stock. Raider does not have significant influence over Voltexar. Raider intends to hold the Jan. 14 investment for the indefinite future. Aug. 22: Received a cash dividend of $0.71 per share on the Voltexar stock. Crec Aug. 22 Received a cash dividend of $0.71 per share on the Voltexar stock. Date Accounts Debit Dec. 31 Adjusted the investment to its current market value of $50 per share. Aug. 22 Dec. 31 Voltexar reported net income of $300,000 for the year ended 2018. Print Done %23 R

Requirements Raider Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) 1. Journalize Raider's investment transactions. Explanations are not required. Read the requirements. 2. Classify and prepare a partial balance sheet for Raider's Voltexar investment as of December 31, 2018. 3. Prepare a partial income statement for Raider Investments for year ended December 31, 2018. Raider Investments Balance Sheet (Partial) December 31, 2018 Current Assets: Print Done Long-term Assets: Stockholders' Equity Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents 2% ownership in Voltexar's voting stock. Raider does not have significant influence over Voltexar. Raider intends to hold the Accumulated Other Comprehensive Income: Jan, 14 investment for the indefinite future. Requirement 3. Prepare a partial income statement for Raider Investments for year ended December 31 Aug. 22 Received a cash dividend of $0.71 per share on the Voltexar stock Dec. 31 Adjusted the investment to its current market value of $50 per share. Dec. 31 Voltexar reported net income of $300,000 for the year ended 2018. Raider Investments Income Statement (Partial) For the Year Ended December 31, 2018 Print Done IDI $4 4. %23 est Requirements Raider Investments completed the following investment transactions during 2018: 1. Journalize Raider's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Raider's Voltexar investment as of December 31, 2018. 3. Prepare a partial income statement for Raider Investments for year ended December 31, 2018. A (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Raider's investment transactions. Explanations are not required. (Record required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents intends to hold the investment for the indefinite future. Print Done Date Accounts Debit Jan. 14 Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents 2% ownership in Voltexar's voting stock. Raider does not have significant influence over Voltexar. Raider intends to hold the Jan. 14 investment for the indefinite future. Aug. 22: Received a cash dividend of $0.71 per share on the Voltexar stock. Crec Aug. 22 Received a cash dividend of $0.71 per share on the Voltexar stock. Date Accounts Debit Dec. 31 Adjusted the investment to its current market value of $50 per share. Aug. 22 Dec. 31 Voltexar reported net income of $300,000 for the year ended 2018. Print Done %23 R

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 2CP

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