Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.
Cost Fair Value
Trading securities: Quill Company common stock $140,000 $150,000
Barton, Inc., common stock125,000 110,000
Delta, Inc.,8% bonds225,000 240,000
Securities to be held to maturity:
Armand, Inc.,9% bonds80,000 84,000
Port City municipal bonds180,000 210,000
Available-for-sale securities:
Knox Co. common stock45,000 51,000
Vernon, Inc., preferred stock97,000 109,000
The total amount of these investments to be reported on King’s statement of financial position is
A. $892,000
B. $902,000
C. $920,000
D. $954,000
Total amount of investment should be $920,000 . Option C .
Cost should be shown for investment is $892,000/- and
Fair value of investment should be $954,000/-
Unrealized Gain in investment should be shown &62,000/-
