Boulter, Inc. began business on January 1, 2013. At the end of December 2013, Boulter had the following investments in equity securities: All declines in value are deemed to be temporary in nature. How should the corresponding losses be reflected in the financial statements at December 31, 2013?

Question

Boulter, Inc. began business on January 1, 2013. At the end of December 2013, Boulter had the following investments in equity securities:  All declines in value are deemed to be temporary in nature. How should the corresponding losses be reflected in the financial statements at December 31, 2013?

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The Answer of Boulter, Inc. began business on January 1, 2013. At the end of December 2013, Boulter had the following investments in equity securities:  All declines in value are deemed to be temporary in nature. How should the corresponding losses be reflected in the financial statements at December 31, 2013?