[Key code here]
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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.
DAFFITAR INC.
Balance Sheet (selected items)
Instructions
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Problem 15-3A
Name:
Section:
Key Code:
0%
Score:
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
December 31, 2015
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1. 2014
Feb. 1 324,000
324,000
Mar. 18 2,160
2,160
2.
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Cash
Investments – Acuity Inc.
Cash
Dividend Revenue
Score:
ON
Instructions
Problem 15-3A
Name:
Section:
Solution
Balance Sheet (selected items)
DAFFITAR INC.
Valuation Allowance for Available-for-Sale Investments
Cash
Unrealized Gain (Loss) on Available-for-Sale Investments
Investments – Acuity Inc.
Cash
Cash
Cash
Investment in Shouse Inc. Stock
Current assets:
Available-for-sale investments (at cost) 297,000$
December 31, 2015