) On September 13, 2013, MTA Corp. acquired 50 shares of Vista, Inc. for $100 per share as a long-term available-for-sale security.

1.) On September 13, 2013, MTA Corp. acquired 50 shares of Vista, Inc. for $100 per share as a long-term available-for-sale security. At December 31, 2013, the Vista shares had a fair value of $105 per share and MTA recorded the required adjusting entry to record the fair value of the Vista investment. At December 31, 2104, the Vista shares had a fair value of $102 per share. How would the company record the adjustment to fair value?

2.) On January 2, 2014, Palmer Corp. paid $500,000 cash to acquire 400,000 shares of stock in Prescott Corp. These shares represent 40% of Prescott's total outstanding stock. How would Palmer record this transaction using the equity method?

3.) On January 2, 2014, Parade Corp. paid $50,000 cash to acquire 400,000 shares of stock in Band Corp. These shares represent 40% of Band Corp.'s total outstanding stock. Parade accounted for this acquisition using the equity method. On December 31, 2014, Band Corp. paid $2,000 in dividends to Parade. How would the company record this transaction?