1. Identify what type of investment the Farrier stock is for Bryant. 2. Journalize the transactions related to Bryant's investment in the Farrier stock during 2018. 3. In what category and at what value would Bryant's report the investment on the December 31, 2018, balance sheet

1. Identify what type of investment the Farrier stock is for Bryant.

This investment should be classified as a long term investment since Bryant held Farrier's stock for more than one year.

2. Journalize the transactions related to Bryant's investment in the Farrier stock during 2018.

January 1, 2018, purchase of 3,750 shares of Farrier stock

Dr Investment in Farrier stock 60,000

    Cr Cash 60,000

August 1, 2018, dividends received from Farrier stock

Dr Cash 6,375

    Cr Investment in Farrier stock 6,375

December 31, 2018, Farrier reports net income

Dr Investment in Farrier stock 12,500

    Cr Investment revenue 12,500

3. In what category and at what value would Bryant's report the investment on the December 31, 2018, balance sheet

This investment should be reported under non-current assets as a long term investment. The book value of this investment = $60,000 - $6,375 + $12,500 = $66,125

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