Homework Answers
| Cost | Fair value | Unrealized gain (loss) | |
| Pow corporation | 146,500 | 150,000 | $3,500 |
| Bun, Inc. | 165,000 | 158,000 | - $7,000 |
| Ghost corporation | 180,000 | 176,400 | - $3,600 |
| 491,500 | 484,400 | - $7,100 |
The unrealized loss to be recognized under the fair value method is $7,100
Correct option is (b)
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At the end of its first year, the trading securities portfolio consisted of the following common stocks. Cost_ Fair...
At the end of its first year, the trading securities portfolio consisted of the following common...
At the end of its first year, the trading securities
portfolio consisted of the following common stocks.
Cost Fair Value
Pow Corporation $ 146,500$ 150,000
Bun Inc. 165,000 158,000
Ghost Corporation 180,000 176,400
$491,500$484,400
The unrealized loss to be recognized under the fair value
method is
a.$7,150.
b.$7,100
c.$5,100.
d.$7,600.
9) At the end of its first year, the trading securities portfolio consisted of the following common stocks. Fair Value $150,000 158,000 176 400 $484,400...
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At the end of its first year, the trading securities
portfolio consisted of the following common stocks.
Cost Fair Value
Pow Corporation $ 146,500$ 150,000
Bun Inc. 165,000 158,000
Ghost Corporation 180,000 176,400
$491,500$484,400
The unrealized loss to be recognized under the fair value
method is
a.$7,150.
b.$7,100
c.$5,100.
d.$7,600.
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