Dicker Furriers purchased 1,000 shares of Loose Corporation stock on January 10,2015,for $800 per share and classified the investment as securities available for sale.Loose's market value was $400 per share on December 31,2015,and the decline in value was viewed as temporary.As of December 31,2016,Dicker still owned the Loose stock whose market value had declined to $100 per share.The decline is due to a reason that's judged to be other than temporary.Dicker's December 31,2016,balance sheet and the 2016 income statement would show the following:

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The Answer of Dicker Furriers purchased 1,000 shares of Loose Corporation stock on January 10,2015,for $800 per share and classified the investment as securities available for sale.Loose's market value was $400 per share on December 31,2015,and the decline in value was viewed as temporary.As of December 31,2016,Dicker still owned the Loose stock whose market value had declined to $100 per share.The decline is due to a reason that's judged to be other than temporary.Dicker's December 31,2016,balance sheet and the 2016 income statement would show the following:

Dicker Furriers Purchased 1,000 Shares of Loose Corporation Stock on January