On December 31, 2014, Battleford Co. had the following available-for-sale investment disclosure within the Current Assets section

Question:

On December 31, 2014, Battleford Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet:
Available-for-sale investments (at fair value) ......................$120,000
There were no purchases or sales of available-for-sale investments during 2015. On December 31, 2015, the fair value of the available-for-sale investment was $101,000. The net income of Battleford Co. was $135,000 for 2015.
Prepare a statement of comprehensive income for Battleford Co. for the year ended December 31, 2015.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...