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the trading securities portfolio consisted of the following common stocks

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the trading securities portfolio consisted of the following common stocks 1. The balance sheet presentation of an unrealized loss on a non-trading security is similar to the statement presentation of a. treasury stock. b. discount on bonds payable. c. allowance for doubtful accounts. d. prepaid expenses. 2. At the end of its first year, the trading securities portfolio consisted of the following common stocks. Cost Fair Value Atrium Corporation $ 46,400 $ 50,000 Barnes Inc. 60,000 57,000 Cantor Corporation 80,000 76,000 $186,400 $183,000 The unrealized loss to be recognized under the fair value method is a. $3,000. b. $6,000. c. $3,400. d. $4,000. 3. At the end of its first year, the trading securities portfolio consisted of the following common stocks. Cost Fair Value Atrium Corporation $ 46,400 $ 50,000 Barnes Inc. 60,000 55,800 Cantor Corporation 80,000 76,000 $186,400 $181,800 In the following year, the Barnes common stock is sold for cash proceeds of $56,000. The gain or loss to be recognized on the sale is a a. gain of $1,200. b. loss of $4,000. c. gain of $200. d. loss of $4,200. 4. At the end of the first year of operations, the total cost of the trading securities portfolio is $244,000. Total fair value is $250,000. The financial statements should show a. an addition to an asset of $6,000 and a realized gain of $6,000. b. an addition to an asset of $6,000 and an unrealized gain of $6,000 in the stockholders’ equity section. c. an addition to an asset of $6,000 in the current assets section and an unrealized gain of $6,000 in “Other revenues and gains.” d. an addition to an asset of $6,000 in the current assets section and a realized gain of $6,000 in “Other revenues and gains.” 5. Nadia Corp. has common stock of $5,500,000, retained earnings of $3,000,000, unrealized gains on trading securities of $100,000 and unrealized losses on non-trading securities of $200,000. What is the total amount of its stockholders’ equity? a. $8,300,000 b. $8,500,000 c. $8,400,000 d. $8,600,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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