K Company has the following securities in its portfolio of equity securities on December 31, 2021: Cost Fair Value 5,000 shares of T Corp., Common 151,000 139,000 10,000 shares of G Corp., Common 184,000 191,000 All of the securities had been purchased in 2021. In 2022, K Company completed the following securities transactions: • March 1: Sold 5,000 shares of T Corp., Common @ $32 less fees of $1,500. April 1: Bought 600 shares of W Corp., Common @ $45 plus fees of $550. The K Company portfolio of equity securities appeared as follows on December 31, 2022: Cost Fair Value 184,000 195,500 10,000 shares of G Corp., Common 27,550 25,500 600 shares of W. Corp, Common What amount of unrealized gain or loss didK company recognize in
K Company has the following securities in its portfolio of equity securities on December 31, 2021: Cost Fair Value 5,000 shares of T Corp., Common 151,000 139,000 10,000 shares of G Corp., Common 184,000 191,000 All of the securities had been purchased in 2021. In 2022, K Company completed the following securities transactions: • March 1: Sold 5,000 shares of T Corp., Common @ $32 less fees of $1,500. April 1: Bought 600 shares of W Corp., Common @ $45 plus fees of $550. The K Company portfolio of equity securities appeared as follows on December 31, 2022: Cost Fair Value 184,000 195,500 10,000 shares of G Corp., Common 27,550 25,500 600 shares of W. Corp, Common What amount of unrealized gain or loss didK company recognize in
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 21P: Waseca Company had 5 convertible securities outstanding during all of 2019. It paid the appropriate...
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