Question
On January 1, 2016, Everglade Company purchased the following securities and properly accounted for them as securities available for sale: Security Cost Fair value on
On January 1, 2016, Everglade Company purchased the following securities and properly accounted for them as securities available for sale:
| Security | Cost | Fair value on 12/31/2016 |
| ABC | $40,000 | $55,000 |
| DEF | 72,000 | 65,000 |
| XYZ | 16,000 | 20,000 |
All declines in value are considered temporary. What amount should the Everglade Company report relative to these securities in its 2016 statement of other comprehensive income?
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The Taxpayers Rights Before During And After The Tax Audit In Cameroon
Authors: Salomon Malang II
1st Edition
6205877058, 978-6205877050
