On July 1, 2014, Carter Company purchased trading securities as follows: Dark Corporation common stock (par $1) 10,000 shares at $25 per share.
Janin Corporation preferred stock (par $100) 2,000 shares at $105 per share.
The quoted market prices per share on December 31, 2014 were as follows:
Dark Corporation stock, $27 per share
Janin Corporation stock, $104 per share
Each of the investments represented 5% of the total shares outstanding. The carrying value amount of the investments at December 31, 2014 should be
A) $478,000.
B) $460,000.
C)$458,000.
D)$480,000.

Question

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The Answer of On July 1, 2014, Carter Company purchased trading securities as follows: Dark Corporation common stock (par $1) 10,000 shares at $25 per share.
Janin Corporation preferred stock (par $100) 2,000 shares at $105 per share.
The quoted market prices per share on December 31, 2014 were as follows:
Dark Corporation stock, $27 per share
Janin Corporation stock, $104 per share
Each of the investments represented 5% of the total shares outstanding. The carrying value amount of the investments at December 31, 2014 should be
A) $478,000.
B) $460,000.
C)$458,000.
D)$480,000.

On July 1, 2014, Carter Company Purchased Trading Securities as Follows