Question
Instrument Corporation has the following investments which were held throughout 20142015: Fair Value Cost 12/31/14. 12/31/15 Trading. $600,000. $800,000. $760,000 Available-for. 600,000. 640,000. 720,000 1)What
Instrument Corporation has the following investments which were held throughout 20142015:
Fair Value
Cost 12/31/14. 12/31/15
Trading. $600,000. $800,000. $760,000
Available-for. 600,000. 640,000. 720,000 1)What amount of gain or loss would Instrument Corporation report in its income statement for the year ended December 31, 2015 related to its investments?
2) Make the journal entry on 12/31/2015
3) What amount would be reported as accumulated other comprehensive income related to investments in Instrument Corporations balance sheet at December 31, 2014?
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Market Contact Audit
Authors: Gerardus Blokdyk
2nd Edition
0655179771, 978-0655179771
