During 2013, Maria Corporation sold marketable securities for $14,000 that had a carrying value of $13,000 at the time of sale.The financial statements of Maria Corporation reveal the following
information with respect to securities available-for-sale:

2013
Income Statement
Realized Gain on Sale of Securities Available-for-Sale ... $4,000
a.What was the acquisition cost of the marketable securities sold?
b.What was the unrealized holding gain on the securities sold at the time of sale?
c.What was the unrealized holding gain during 2013 on securities still held by the end of 2013?
d.What was the cost of marketable securities purchased during 2013?

Question

During 2013, Maria Corporation sold marketable securities for $14,000 that had a carrying value of $13,000 at the time of sale.The financial statements of Maria Corporation reveal the following
information with respect to securities available-for-sale:

2013
Income Statement
Realized Gain on Sale of Securities Available-for-Sale ... $4,000
a.What was the acquisition cost of the marketable securities sold?
b.What was the unrealized holding gain on the securities sold at the time of sale?
c.What was the unrealized holding gain during 2013 on securities still held by the end of 2013?
d.What was the cost of marketable securities purchased during 2013?

Quizplus · Accepted Answer

The Answer of During 2013, Maria Corporation sold marketable securities for $14,000 that had a carrying value of $13,000 at the time of sale.The financial statements of Maria Corporation reveal the following
information with respect to securities available-for-sale:

2013
Income Statement
Realized Gain on Sale of Securities Available-for-Sale ... $4,000
a.What was the acquisition cost of the marketable securities sold?
b.What was the unrealized holding gain on the securities sold at the time of sale?
c.What was the unrealized holding gain during 2013 on securities still held by the end of 2013?
d.What was the cost of marketable securities purchased during 2013?

During 2013, Maria Corporation Sold Marketable Securities for $14,000 That