Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 22

Investment reporting
O'Brien Industries Inc. is a book publisher. The comparative unclassified balance sheets for December 31, Year 2 and Year 1 follow. Selected missing balances are shown by letters.

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

Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 30% of the outstanding shares of Jolly Roger Co.
The following selected investment transactions occurred during Year 2:


Instructions
Determine the missing letters in the unclassified balance sheet. Provide appropriate supporting calculations.