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Given the data below answer the question. Issuing Company Fair Value Bernard Co. $34,650 Chadwick Co. 57,960 Gozar Inc. 98,560 Nightline Co. 39,200 For the
Given the data below answer the question.
Issuing Company Fair Value Bernard Co. $34,650 Chadwick Co. 57,960 Gozar Inc. 98,560 Nightline Co. 39,200 For the year ending December 31, 2015, O'Brien Industries Inc. reported net income of $148,230 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2015 are provided below. Selected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 Available-for-Sale Investments (at Cost) Valuation Allowance for Available-for-Sale Investments Available-for-Sale Investments (Fair Value) Interest Receivable Investment in Jolly Roger Co. stock Office Equipment (Net) Total Assets 20Y5 20Y4 $103,770 (2,500) $101,270 $77,000 115,000 130,000 $666,270 13
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To determine the missing amounts in the balance sheet lets analyze the available information 1 AvailableforSale Investments at Cost 2015 103770 2014 M...Get Instant Access to Expert-Tailored Solutions
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