Please explain how to calculate this to get an answer like the key above (check the picture for the complete question) for number 101, 102, 107, 108, 109, and 110

Chapter : INVESTMENTS

101. Grier Corporation's trading portfolio at the end of the year is as follows: At the end of the year, Grier Corporation should

102. Grier Corporation's trading portfolio at the end of the year is as follows: Grier subsequently sells Stock B for $12,000. What entry is made to record the sale?

107. At the end of its first year, the trading securities portfolio consisted of the following common stocks. The unrealized loss to be recognized under the fair value method is

108. At the end of its first year, the trading securities portfolio consisted of the following common stocks. In the following year, the Baker common stock is sold for cash proceeds of $58,000. The gain or loss to be recognized on the sale is a

109. At the end of the first year of operations, the total cost of the trading securities portfolio is $240,000. Total fair value is $250,000. The financial statements should show

110. Noell Corp. has common stock of $5,000,000, retained earnings of $3,000,000, unrealized gains on trading securities of $100,000 and unrealized losses on available-for-sale securities of $200,000. What is the total amount of its stockholders equity?

Use the following information for questions 101-102. Grier Corporation's trading portfolio at the end of the year is as follows: Security Cost Market Value Common Stock A $10,000 $12,000 Common Stock B 9.000 5.000 $19.000 $17.000 101. At the end of the year, Grier Corporation should a. set up a Market Adjustment account for Stock B b. set up a Market Adjustment account for the portfolio C. recognize an Unrealized Gain or Loss-Income for $4,000. d. report a loss on the income statement for $4.000 under "Other Expenses and Losses." 102 Grier subsequently sells Stock B for $12,000. What entry is made to record the sale? a Cash 12,000 Stock Investments 12,000 b. Cash 12,000 Market Adjustment 3,000 Stock Investments 9,000 C. Cash 12,000 Stock Investments Gain on Sale of Stock Investments 3,000 d. Cash.. d 12,000 Stock Investments 5.000 Gain on Sale of Stock Investments 7.000 Use the following information for questions 107-108. 9.000 Market At the end of its first year, the trading securities portfolio consisted of the following common stocks Cost Able Corporation $ 46,400 $ 50,000 Baker Inc. 60.000 53,800 Cole Corporation 80.000 76.000 S186,400 $179,800 $ 107. The unrealized loss to be recognized under the fair value method is a. $6,200. b. $10,200. C. $6,600 c d. $4.000 108. In the following year, the Baker common stock is sold for cash proceeds of $58,000. The gain or loss to be recognized on the sale is a a. gain of $4,200. b. loss of $2,000. c. gain of $2.200. d. loss of $400. d$ 109 At the end of the first year of operations, the total cost of the trading securities portfolio is $240,000. Total fair value is $250,000. The financial statements should show a. an addition to an asset of $10,000 and a realized gain of $10,000. b. an addition to an asset of $10,000 and an unrealized gain of $10,000 in the stockholders' equity section. c. an addition to an asset of $10,000 in the current assets section and an unrealized gain of $10,000 in "Other revenues and gains. d. an addition to an asset of $10,000 in the current assets section and a realized gain of $10,000 in "Other revenues and gains." 110. Noell Corp. has common stock of $5,000,000, retained earnings of $3,000,000, unrealized gains on trading securities of $100,000 and unrealized losses on available-for-sale securities of $200,000. What is the total amount of its stockholders' equity? a $7,800,000 b. $8,000,000 C. $7.900.000 d S8.100.000