Question
At December 31, 2020, the available-for-sale debt portfolio for Riverbed, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $30,625 $26,250 $(4,375
At December 31, 2020, the available-for-sale debt portfolio for Riverbed, Inc. is as follows.
| Security | Cost | Fair Value | Unrealized Gain (Loss) | ||||
| A | $30,625 | $26,250 | $(4,375 | ) | |||
| B | 21,875 | 24,500 | 2,625 | ||||
| C | 40,250 | 44,625 | 4,375 | ||||
| Total | $92,750 | $95,375 | 2,625 | ||||
| Previous fair value adjustment balanceDr. | 700 | ||||||
| Fair value adjustmentDr. | $1,925 | ||||||
On January 20, 2021, Riverbed, Inc. sold security A for $26,425. The sale proceeds are net of brokerage fees.
Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter 0 for amounts.)
Balance Sheet
Current Assets
Debt Invetments $95,375
Stockholders'Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Add:
Accumulated other comprehensive Income
Total Stockholders' Equity
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| otal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | $ | |||||
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| $ | |||||
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
19th Edition
1292255994, 9781292255996
