Homework Answers
Correct answer--- (C) $38,500
|
Cost |
Market value |
Unrealized gain (loss) on change in value of marketable securities |
Value in Balance sheet |
|
|
Bangle company- Stocks |
$ 12,500.00 |
$ 14,000.00 |
$ 1,500.00 |
$ 14,000.00 |
|
Starfly company- Stocks |
$ 8,700.00 |
$ 7,000.00 |
$ (1,700.00) |
$ 7,000.00 |
|
Downtree Compny- Stocks |
$ 17,800.00 |
$ 17,500.00 |
$ (300.00) |
$ 17,500.00 |
|
Total value to be shown in balance sheet |
$ 38,500.00 |
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