Question
DuBois Corporation purchased an available-for-sale investment in 1,900 shares of Southwest Supplies stock for $30 per share. On the next balance-sheet date, Southwest Supplies stock
DuBois Corporation purchased an available-for-sale investment in 1,900 shares of Southwest Supplies stock for $30 per share. On the next balance-sheet date, Southwest Supplies stock is quoted at $ $32 per share. DuBois' balance sheet should report
A) unrealized gain of $57000
B) investments of $60800
C) unrealized loss of $3800
D) investments of $57000
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
