The market value of the Lite stock investment at the end of 2015 was $210,000.Which of the following amounts are correct assuming that Como elected to use the fair value option to account for the Lite investment?

Question

Quizplus · Accepted Answer

$28,000 = $10,000 {unrealized gain: $210,000(fair value)- $200,000 (original cost)+ $18,000 (dividend income: $40,000 × 45%)} $210,000 = fair value

The Market Value of the Lite Stock Investment at the End