Increase in fair value of the investments, Accounting Basics

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Increase in fair value of the investments

On its December 31, 2003, balance sheet, Quinn Co. reported its investment in available-for-sale securities, which had cost $360,000, at fair value of $330,000. At December 31, 2004, the fair value of the securities was $355,000. What should Quinn report on its 2004 income statement as a result of the increase in fair value of the investments in 2004?

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Accounting Basics: Increase in fair value of the investments

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Accounting Basics: Increase in fair value of the investments

Reference No:- TGS063856

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Compute its expected cost savings for the coming year

Q : Current full cost per unit for the product

Q : How big will each firm-s accounting profit per unit be

Q : Positive and normative statement

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Increase in fair value of the investments

Reference No:- TGS063856

Recent Questions Asked Accounting Basics

Q : Compute its expected cost savings for the coming year

Q : Current full cost per unit for the product

Q : How big will each firm-s accounting profit per unit be

Q : Positive and normative statement

Q : Increase in fair value of the investments

Q : Inter-terporal price discrimination

Q : Prepare a statement of cash flows using the indirect method

Q : Explain production functions-isoquant and isocost analysis

Q : Statetment regarding the evaluation of projects

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