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1. 2014
Feb. 1
Mar. 18
Sept. 12
Oct. 28
Dec. 31
2015
Jan. 23
Mar. 16
Sept. 16
Dec. 31
Dec. 31
Dec. 31
2.
Current assets:
Available-for-sale investments (at cost)
Plus valuation allowance for available-for-sale investments
Available-for-sale investments (at fair value)
Noncurrent assets:
Investments in Shouse Inc. stock
Stockholders’ equity
Retained earnings
Unrealized gain (loss) on available-for-sale investments
Score:
Problem 13-3A
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0%
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December 31, 2015
DAFFITAR INC.
Balance Sheet (selected items)
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1. 2014
Feb. 1 324,000
324,000
Instructions
Problem 13-3A
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Solution
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ON
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Investments – Acuity Inc.
Cash
Unrealized Gain (Loss) on Available-for-Sale Investments
Cash
Cash
Cash
Investment in Shouse Inc. Stock
Cash
Investment in Shouse Inc. Stock
Cash
Loss on Sale of Investments
Cash