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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 share share Market Value per Market Value per share. Share. Dec 31, Dec 31, 2020 2021 CLOT Dec 15, 1,000 $18 N/A N/A $23 $14 PLRX 2020 Dec 15, 1,000 $15 Dec 3, $32 $30 N/A 2020 2021 4. In the 2020 Financial Statement for Tommy INC, what will be the total portfolio investment amount on the BALANCE SHEET: 5. On Dec 3, 2021, Tommy INC sold PLRX. Accordingly, the required journalized transactions will result in what amount of any investment gains/ losses to be included in the INCOME STATEMENT: 6. In the 2020 Financial Statement for Tommy INC, what amount of any investment gains/losses will be included in the INCOME STATEMENT from Dec 31, 2021 required adjusting journal entries: (hint: don't include gain/lose from PLRX sale)
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