The market value of the investments in company dander


As of August 31, 1999, Company White has the following investments in marketable securities:

Acquisition August 31, 1999

Cost Market Value

Trading Portfolio -

Company Blue Common Stock $120,000 $121,000

Available for Sale Portfolio -

Company Sphinx Common Stock $385,000 $383,000

Hold-To-Maturity Portfolio -

Company Dander Debentures $700,000 $698,000

Additional Information: All three investments were purchased during 1999. During 2000, Company White sold its investment in Company Blue for $119,000 and its investment in Company Spinx for $386,000. As of August, 2000, the market value of the investments in Company Dander Debentures was $699,000. Calculate the following (and be sure to identify whether a gain or loss):

A. Holding gain/loss recognized in the income statement in 1999

B. Holding gain/loss recognized in other comprehensive income in 1999

C. Holding gain/loss recognized in the income statement in 2000

D. Holding gain/loss recognized in other comprehensive income in 2000

E. Balance of accumulated other comprehensive income as of August 31, 2000

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Accounting Basics: The market value of the investments in company dander
Reference No:- TGS02602347

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