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

تمرين 50

Investment reporting
Teasdale Inc. manufactures and sells commercial and residential security equipment. The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. 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 Wright Co. stock is an equity method investment representing 30% of the outstanding shares of Wright Co.
The following selected investment transactions occurred during Year 2:

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