Question
In 20X1, an investor, who has not elected the fair value option, buys shares of Company A for $7,500 and shares of Company B for
In 20X1, an investor, who has not elected the fair value option, buys shares of Company A for $7,500 and shares of Company B for $12,437.
By the end of 20X1, each of the investments has increased in value by $2,500.
During 20X2, the shares of Company A are sold for $10,945.
The investor then buys shares of Company C for $15,923.
At the end of 20X2, the shares of Company B are worth $12,962 whereas the shares of Company C are worth $16,398.
If all of these investments are viewed as available for sale securities, what is the total amount reported as Accumulated Other Comprehensive Income on the balance sheet at the end of 20X2?
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The Auditors Guide To Blockchain Technology Architecture Use Cases Security And Assurance Security Audit And Leadership Series
Authors: Shaun Aghili
1st Edition
1032078251, 978-1032078250
