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At December 31, 2010, Nuvi Co. held the following investments in stock that are classified as available-for-

sale securities. All investments were acquired in December 2010.

Security

Cost

Market Value

B

$1,500

$1,350

C

3,000

3,050

Changes in fair value were considered to be temporary. On March 1, 2011, half of the B Company stock was sold for $650. At December 31, 2011,

the following investments in stock were held by Nuvi:

Security

Cost

Market Value

B

$

750

$

550

C

3,500

3,850

Changes in fair value again were considered to be temporary.

Required:

Prepare journal entries for

a.

December 31, 2010

b.

March 1, 2011

c.

December 31, 2011

At December 31, 2010, Nuvi Co. held the following investments in stock that are classified as availablefor-sale-securities. All investments were acquired in December 2010. Security Cost B $1,500 C 3,000 Market Value $1,350 3,050 Changes in fair value were considered to be temporary. On March 1, 2011, half of the B Company stock was sold for $650. At December 31, 2011, the following investments in stock were held by Nuvi: Security Cost B $ 750 $ 550 C 3,500 3,850 Changes in fair value again were considered to be temporary. Required: Prepare journal entries for a. December 31, 2010 b. March 1, 2011 c. December 31, 2011 Market Value