=+EX 15-12 Missing statement items, trading investments obj. 4 g. $7,000 EX 15-13 Fair value journal
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=+EX 15-12 Missing statement items, trading investments obj. 4
✔ g. $7,000 EX 15-13 Fair value journal entries, trading investments obj. 4 The investments of Commerce Bank Inc. include 12,000 shares of RadTek Inc. common stock purchased on February 21, 2010, for $16 per share. These shares were classified as trading securities. As of the December 31, 2010, balance sheet date, assume that the share price increased to $21 per share. As of the December 31, 2011, balance sheet date, assume that the share price declined to $20 per share. The investment was held through December 31, 2011.
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