Dec 31 | Unrealized holding loss (48,380 - 8,400) | 39,980 | |
Fair value adjustment | 39,980 | ||
September 30, 2020
Investment securities | Cost | Fair value |
Horton | 199,760 | 185,890 |
Monty | 121,980 | 128,450 |
Oakwood | 155,310 | 154,310 |
Total | 477,050 | 468,650 |
Unrealized Gain (loss) = (477,050 - 468,650) = (8,400)
December 31, 2020
Investment securities | Cost | Fair value |
Monty | 121,980 | 95,620 |
Oakwood | 155,310 | 135,540 |
Patriot | 169,600 | 167,350 |
Total | 446,890 | 398,510 |
Unrealized Gain (loss) = (446,890 - 398,510) = (48,380)
Sandhill Company has the following portfolio of investment securities at September 30, 2020, its most recent...
Pearl Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Cost Fair Value Horton, Inc. common (4,800 shares) $206,400 $190,060 Monty, Inc. preferred (3,430 shares) 126,910 133,740 Oakwood Corp. common (1,020 shares) 179,520 178,470 On October 10, 2020, the Horton shares were sold at a price of $54 per share. In addition, 3,090 shares of Patriot common stock were acquired at $56 per share on November 2, 2020. The December...
Indigo Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (4,870 shares) Monty, Inc. preferred (3,220 shares) Oakwood Corp. common (990 shares) Cost $204,540 125,580 176,220 Fair Value $188,780 133,000 175,320 On October 10, 2020, the Horton shares were sold at a price of $53 per share. In addition, 3,170 shares of Patriot common stock were acquired at $54 per share on November 2, 2020. The December...
Splish Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,180 shares) Monty, Inc. preferred (3,200 shares) Oakwood Corp.common (930 shares) Cost $217,560 115,200 171,120 Fair Value $204,010 121,760 170,150 On October 10, 2020, the Horton shares were sold at a price of $51 per share. In addition, 3,150 shares of Patriot common stock were acquired at $53 per share on November 2, 2020. The December 31,...
Skysong Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (4,670 shares) Monty, Inc. preferred (3,740 shares) Oakwood Corp. common (950 shares) Cost Fair Value $205,480 $190,250 145,860 153,180 161,500 160,470 On October 10, 2020, the Horton shares were sold at a price of $56 per share. In addition, 3,290 shares of Patriot common stock were acquired at $58 per share on November 2, 2020. The December...
Skysong Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (4,670 shares) Monty, Inc. preferred (3,740 shares) Oakwood Corp. common (950 shares) Cost Fair Value $205,480 $190,250 145,860 153,180 161,500 160,470 On October 10, 2020, the Horton shares were sold at a price of $56 per share. In addition, 3,290 shares of Patriot common stock were acquired at $58 per share on November 2, 2020. The December...
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Sunland Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments Cost Fair Value 1,500 shares of Gordon, Inc., Common $79,600 $74,700 5,000 shares of Wallace Corp., Common 170,900 165,800 400 shares of Martin, Inc., Preferred 65,800 67,200 $316,300 $307,700 All of the securities were purchased in 2020. In 2021, Sunland completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common,...
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