JED Capital Inc. makes investments in trading securities. Selected income statement items for the years ended December
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JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, 2014 and 2015 2014 2015 Operating income Unrealized gain (loss) Net income a. b. $(11,000) C. e. 28,000 JED Capital Inc. Selected Balance Sheet Items December 31, 2013, 2014, and 2015 Dec. 31, 2013 $144,000 Dec. 31, 2014 $168,000 Dec. 31, 2015 $205,000 Trading investments, at cost Valuation allowance for trading investments Trading investments, at fair value Retained earnings (12,000) 17000 . d. h. 210,000 245,000
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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