[Key code here]
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1. 2014
Mar. 14
April 24
June 1
June 30
Dec. 31
Fair Value
Cost (Dec 31, 2014)
Wilkomm Inc.
McMarsh Inc.
Total
Increase (decrease) in fair value
2015
April 4
June 28
Sept. 9
0%
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 15-2A
Name:
Section:
Score:
Dec. 31
2.
Current assets:
Trading investments (at cost)
Plus valuation allowance for trading investments
Trading investments (at fair value)
3.
December 31, 2015
(Key essay answer here)
SCOFIELD FINANCIAL CO.
Balance Sheet (selected items)
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1. 2014
Mar. 14 200,500
200,500
Score:
ON
Instructions
Cash
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 15-2A
Name:
Section:
Solution
Investments – Wilkomm Inc.
Investments – McMarsh Inc.
Cash
Loss on Sale of Investments
Investments – Daley Inc.
