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On December 31, 2019, Bridgeport Corp. provided you with the following pre-adjustment information regarding its portfolio of investments held for short-term profit-taking: December 31,
On December 31, 2019, Bridgeport Corp. provided you with the following pre-adjustment information regarding its portfolio of investments held for short-term profit-taking: December 31, 2019 Investments Carrying Amount Fair Value Moonstar Corp. shares $18,000 $17,100 Bilby Corp. shares 9,000 8,100 Radius Ltd. shares 18,000 18,500 Total portfolio $45,000 $43,700 During 2020, the Bilby Corp. shares were sold for $8,500. The fair values of the securities on December 31, 2020, were as follows: Moonstar Corp. shares $17,900 and Radius Ltd. shares $18,400. The company does not recognize and report dividends and other components of investment gains and losses separately.
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