Menu
support@businesspapershelp.com
+1(805) 568 7317

question the question marks below in the balance sheet are the answers i need showin 4289797

Question

The question marks below in the Balance Sheet are the answers I need. Showing your work would be appreciated, thank you

Investment Reporting

Luminous Publishing, Inc., is a book publisher.

Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, 2016, are as follows:

Note 2. The investment in Quest Co. stock is an equity method investment representing 30% of the outstanding shares of Quest Co.

The following selected investment transactions occurred during 2017:

Required:

The comparative unclassified balance sheets for December 31, 2017 and 2016 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar.

$419000

 

No. of Shares

Cost per Share

Total Cost

Total Fair Value

Barns Co. Stock

1,500

 

$14

 

$21,000

 

$19,100

 

Dynasty Co. Stock

800

 

35

 

28,000

 

26,200

 

 

 

 

 

 

$49,000

 

$45,300

 

                 

 

 

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now