On January 1, 2010, A Corp.had the following investments:
During the year, A Corp.acquired for trading M Co.stock for $1, 000.At year-end, the stock has a fair market value of $1, 200.The K Inc.investment was transferred from AFS to trading on December 31 when the fair market value was $2, 500.The S Co.investment had a December 31 market value of $3, 500.The G Inc.bonds had a fair market value on December 31 of $9, 850.
Required:
What disclosures are required in the December 31, 2010 financial statements for investments?

Question

On January 1, 2010, A Corp.had the following investments:
  During the year, A Corp.acquired for trading M Co.stock for $1, 000.At year-end, the stock has a fair market value of $1, 200.The K Inc.investment was transferred from AFS to trading on December 31 when the fair market value was $2, 500.The S Co.investment had a December 31 market value of $3, 500.The G Inc.bonds had a fair market value on December 31 of $9, 850.
Required:
What disclosures are required in the December 31, 2010 financial statements for investments?

Quizplus · Accepted Answer

The Answer of On January 1, 2010, A Corp.had the following investments:
  During the year, A Corp.acquired for trading M Co.stock for $1, 000.At year-end, the stock has a fair market value of $1, 200.The K Inc.investment was transferred from AFS to trading on December 31 when the fair market value was $2, 500.The S Co.investment had a December 31 market value of $3, 500.The G Inc.bonds had a fair market value on December 31 of $9, 850.
Required:
What disclosures are required in the December 31, 2010 financial statements for investments?

On January 1, 2010, a Corp