Can I get some help and explanation, please and thank you.
Discussion Board - ACC x WileyPLUS X * Can I get some help plea x Trading Securities | Avail x X C Secure | https://edugen.wileyplus.com/edugen/student/mainfr.uni Of WileyPLUS: MyWileyPLUS | Help | Contact Us | Log Out WileyPLUS Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACCT 372/373/374) Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES Exercise 17-20 CH 17 HW Presented below is information related to the purchases of common stock by Blue Company during 2017. Exercise 17-6 Exercise 17-7 Cost Fair Value Exercise 17-8 (at purchase date) (at December 31) Exercise 17-9 Investment in Arroyo Company stock $107,000 $86,000 Exercise 17-1 Exercise 17-18 Investment in Lee Corporation stock 234,000 281,000 Exercise 17-20 Investment in Woods Inc. stock 178,000 189,000 Total $519,000 $556,000 Review Score Review Results by Study Objective In addition, assume that the investment in the Woods Inc. stock was sold during 2018 for $193,000. At December 31, 2018, the following information relates to its two remaining investments of common stock. Cost Fair Value (at purchase date) (at December 31) Investment in Arroyo Company stock $107,000 $148,000 Investment in Lee Corporation stock 234,000 291,000 Total $341,000 $439,000 Net income before any security gains and losses for 2018 was $848,000. (a) Compute the amount of net income or net loss that Blue should report for 2018, taking into consideration Blue's security transactions for 2018, assuming Blue did not select the fair value option for investments in the Lee and Woods corporations. Net income or net loss that Blue should report for 2018 $ O M X +2 7:35 0 7 0[} Discussion Board - ACC XY Wiley PLUS XY Can I get some help plea XY Trading Securities | Avail X` - > @ @ Secure / https: / / edugen . wileyplus .com / edugen / student / mainfr . uni Or : Home* Read , Study & Practice* Gradebook\\ ORION Downloadable &Textbook Assignment : Open Assignment HE CALCULATOR\\ \\FULL SCREEN\\\\ PRINTER VERSION\\ * BACK\\ ASSIGNMENT RESOURCES Investment in Arroyo Lompany STOCK $ LU !, UUU $ 140, UUU CH 17 HW Investment in Lee Corporation stock 234, 000 291 , 000 ` Exercise 17 - 5\\ Total $ 341, 000 $439,000 [` Exercise 17 - 7 ` Exercise 17 - 8 Net income before any security gains and losses for 2018 was $848, 000 . Exercise 17 - 9| EXERCISE 17 - 1 ( a ) Compute the amount of net income or net loss that Blue should report for 2018 , taking into consideration Blue's security transactions for 2018 , assuming Blue did not select the fair* EXERCISE 17 - 18 value option for investments in the Lee and Woods corporations . Net income or net loss that Blue should report for 2018\\ Review Score* Review Results by Study* Objective ( b ) Prepare the journal entry to record unrealized gain or loss related to the investment in Arroyo Company stock at December 31 , 2018 . ( Credit account titles are automatically indented when amount is entered . Do not indent manually . If no entry is required , select "No Entry " for the account titles and enter O for the amounts . ) Date Account Titles and Explanation Debit Credit DEC . 31 , 2018 SHOW LIST OF ACCOUNTS LINK TO TEXT* \\LINK TO TEXT* Question Attempts : 0 of 3 used \\SAVE FOR LATER* License Agreement | Privacy Policy. | @ 2000 - 2015 John Wiley & Sons , Inc . All Rights Reserved . A Division of John Wiley & Sons , Inc . Version 4 . 24. 12 .7 X {
