Prepare Journal Entries to Record the Following Transactions Associated with at Fair

question 2

Essay

Prepare journal entries to record the following transactions associated with at fair value through other comprehensive income investments purchased by Spark Spread Corporation during 2015 Spark Spread Corporation had no investments prior to 2015.
a.Purchased 1,500 shares of Mercury Coal Corporation common shares for $27.50 per share.
b.Mercury Coal Corporation pays a $1.25 per share dividend to all common shareholders.
c.On December 31,2015,the market price of Mercury Coal Corporation stock is $28.00 per share.

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Definitions:

Environmental Opportunities

Circumstances or trends in the environment that can be leveraged for strategic advantage or innovation.

Organizational Strengths

Organizational strengths are the unique resources, capabilities, and positive attributes that enable an organization to achieve its goals and maintain a competitive advantage.

Failures of Substance

Refers to errors or mistakes due to inadequate knowledge, skills, or capabilities.

Strategy Selection

The process of choosing the most appropriate course of action for an organization to achieve its goals.