On January 5, 2012, JBC Company Purchased the Following Stock

question 278

Essay

On January 5, 2012, JBC Company purchased the following stock investments:
300 shares Getz Corporation common stock for $4,800.
500 shares Keller Corporation common stock for $10,000.
600 shares R-tel Corporation common stock for $18,000.
Assume that JBC Company cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account for the investments.
On June 30, 2014, JBC Company received the following cash dividends: On November 15, 2014, JBC Company sold 100 shares of R-tel Corporation common stock for $3,600.
On December 31, 2014, the fair value of the securities held by JBC Company is as follows: Instructions
Prepare the appropriate journal entries that the JBC Company should make on the following dates:
January 5, 2014
June 30, 2014
November 15, 2014
December 31, 2014

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Definitions:

Situational Influences

Factors present in a specific situation that can affect consumers' purchasing behavior, including physical environment, social environment, and time.

Complexity

relates to the state or quality of being intricate, detailed, or complicated in structure or process.

Social Influences

the effects that the words, actions, or presence of other people have on an individual's attitudes, beliefs, values, or behaviors.