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Reporting and Interpreting Stock Investment Performance Kasznik Company began operations on June 15 of the current calendar year and, by year-end (December 31), had made

Reporting and Interpreting Stock Investment Performance Kasznik Company began operations on June 15 of the current calendar year and, by year-end (December 31), had made six stock investments. Year-end information on these stock investments follows.

December 31 Cost or Equity Basis (as appropriate) Year-End Fair Value Market Classification
Barth, Inc. $ 68,000 $ 65,300 Trading
Foster, Inc. 162,500 160,000 Trading
McNichols, Inc. 197,000 192,000 Available-for-sale
Patell, Inc. 157,000 154,700 Available-for-sale
Ertimur, Inc. 100,000 102,400 Equity method
Soliman, Inc. 136,000 133,200 Equity method

HINT: Use negative signs in any answers that are losses. (a) What does Kasznik's balance sheet report for trading stock investments at December 31? $Answer (b) What does Kasznik's balance sheet report for available-for-sale investments at December 31? $ Answer (c) What does Kasznik's balance sheet report for equity method investments at December 31? $Answer (d) What total amount of unrealized holding gains or unrealized holding losses related to investments appear in Kasznik's income statement? $Answer (e) What total amount of unrealized holding gains or unrealized holding losses related to investments appear in the stockholders' equity section of Kasnik's December 31, balance sheet? $Answer included in accumulated other comprehensive income $Answer included in retained earnings

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