Question
Amacon Corporation has the following investments at December? 31, 20252025. If Amacon irrevocably elected to classify its investment in DEF at fair value through other
Amacon Corporation has the following investments at December? 31,
20252025.
If Amacon irrevocably elected to classify its investment in DEF at fair value through other comprehensive? income, what amount will be reported in income for the three months ended December? 31,
20252025?,
pertaining to this? investment?
Historical cost
Fair value September 30, 2024
Fair value September 30, 2025
Fair value, December 31, 2025
Shares of DEF
$25,000
$15,000
$27,000
$30,000
Bonds of Brooke
(purchased at par value)
10,000
12,000
11,000
12,500
Shares of CooksTown
12,000
18,000
16,000
16,000
Shares of Daisy
18,000
16,500
19,500
20,500
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
