Lydell Capital, Inc., makes investments in trading securities. Selected income statement items for the years ended December
Question:
There were no dividends.
Determine the missing lettereditems.
Transcribed Image Text:
Lydell Capital, Inc. Selected Income Statement Items For the Years Ended December 31, 2010 and 2011 2010 2011 Operating income Unrealized gain (loss) Net income a. e. b. $(2,000) 14,000 C. Lydell Capital, Inc. Selected Balance Sheet Items December 31, 2009, 2010, and 2011 Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2011 $172,000 $123,000 (6,000) $146,000 9,000 Trading investments, at cost Valuation allowance for trading investments Trading investments, at fair value g. h. d. f. Retained earnings i. $145,000 $192,000
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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