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The Data Below Pertains to the Values of Various FVTOCI

Question 71

Multiple Choice

The data below pertains to the values of various FVTOCI investments held by a client company:  Stock  Shares  Cost  Market Value (1281/2011)  X500$30=$15,000$24=$12,000Y1,00020=20,00030=30,000Z75024=18,00030=22,500\begin{array} { | l | r | l | l | } \hline \text { Stock }&\text { Shares } & \text { Cost } & \text { Market Value (1281/2011) } \\\hline X & 500 & \$ 30 = \$ 15,000 & \$ 24 = \$ 12,000 \\\hline Y & 1,000 & 20 = 20,000 & 30 = 30,000 \\\hline Z & 750 & 24 = 18,000 & 30 = 22,500 \\\hline\end{array} The company's entire FVTOCI portfolio should be valued at which amount on December 31st, 2011?


A) $50,000
B) $53,000
C) $64,500
D) $67,500

Correct Answer:

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