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Tommy INC purchased (and later sold as appropriate equity security with its idle cash as follows: Fair Ticker Purchase # of Symbol Date Shares Purchase
Tommy INC purchased (and later sold as appropriate equity security with its idle cash as follows: Fair Ticker Purchase # of Symbol Date Shares Purchase Price per Sell Date Sales Price per Fair Market Market share share Value per Value per share. Share. Dec 31, Dec 31, 2020 2021 CLOT PLRX Dec 15, 2020 Dec 15, 1,000 $18 N/A N/A $23 $14 1,000 $15 Dec 3, $32 $30 N/A 2020 2021 1. T/F: For these Dec 15, 2020 investments, Tommy INC may classified the investments as FAIR VALUE through Net Income (aka Trading) or Available for Sale 2. For the Dec 15, 2020 investments above, Tommy INC will debit its "Investment Portfolio" on the purchase date in an amount TOTALING: 3. In the 2020 Financial Statement for Tommy INC, what amount of any investment gains/losses will be included in the INCOME STATEMENT
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