Question
At the end of its first year, the trading securities portfolio consisted of the following common stocks. Cost Fair Value Bonita Corporation $46500 $49800 Carla
At the end of its first year, the trading securities portfolio consisted of the following common stocks.
| Cost | Fair Value | ||
|---|---|---|---|
| Bonita Corporation | $46500 | $49800 | |
| Carla Vista Inc. | 60000 | 57900 | |
| Martinez Corporation | 80500 | 77000 | |
| $187000 | $184700 |
The unrealized loss to be recognized under the fair value method is
$3500.
$5600.
$2300.
$2100.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
