Solved

The Following Information Is Available for an Enterprise's Security Investments

Question 63

Multiple Choice

The following information is available for an enterprise's security investments as of December 31,2014:
The following information is available for an enterprise's security investments as of December 31,2014: What is the 2014 holding gain or loss recognized in 2014 earnings and directly to stockholders' equity? A) Earnings: $4,000 loss; Stockholders' Equity: $4,000 loss B) Earnings: $4,000 gain; Stockholders' Equity: $4,000 gain C) Earnings: $4,000 loss; Stockholders' Equity: $4,000 gain D) Earnings: $4,000 gain; Stockholders' Equity: $4,000 loss
What is the 2014 holding gain or loss recognized in 2014 earnings and directly to stockholders' equity?


A) Earnings: $4,000 loss; Stockholders' Equity: $4,000 loss
B) Earnings: $4,000 gain; Stockholders' Equity: $4,000 gain
C) Earnings: $4,000 loss; Stockholders' Equity: $4,000 gain
D) Earnings: $4,000 gain; Stockholders' Equity: $4,000 loss

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: In January of 2014,Bonnie Corporation acquired 20%

Q48: Ignoring income taxes,choose the correct response below

Q53: The market rate of interest for a

Q61: Springer Inc.carries the following marketable equity securities

Q62: In 2014,Quito Inc.purchased stock as follows:
(a)Acquired 2,000

Q64: The following transactions of the Macheski Company

Q65: On January 1,2014,Palsoe Corp.acquired 30 percent (13,000

Q68: On July 1,2014,The Plumbing Group purchased for

Q77: On January 1,2013,a company purchased four 5%,$1,000

Q78: Cronie Enterprises purchased 10,000 shares of stock

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents