Yankton Company began the year without an investment portfolio. During the year, they purchased investments classified as trading securities at a cost of $13,000 . At the end of the year, the market value of the securities was $11,000 . The Yankton Company's financial statements for the current year should show
a. a loss of $2,000 on the income statement and net trading securities of $13,000 on the balance sheet
b. no loss on the income statement and net trading securities of $13,000 on the balance sheet
c. no loss on the income statement, net trading securities of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheet
d. a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet
d
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Which of the following statistical sampling methods is most commonly used to test control procedures?
a. Variable sampling. b. Ratio estimation sampling. c. Attribute sampling. d. Dollar unit sampling.
The financial literature and valuation books strongly support the use of multiperiod discounted valuation model either in terms of earnings or cash flow
Indicate whether the statement is true or false
Choose the correct word or words in parentheses. Mr. Baxters group develops clinical software
Opportunity cost refers to
A) money needed for major consumer purchases. B) what you give up or forego as a result of making a decision. C) the amount paid for taxes when a purchase is made. D) evaluating different alternatives for financial decisions.