During 2013, Zeff Corporation sold marketable securities for $14,000 that had a carrying value of $13,000 at the time of sale. The financial statements of Zeff Corporation reveal the following information with respect to available-for-sale securities:

a. What was the acquisition cost of the marketable securities sold?
b. What was the unrealized gain on the securities sold at the time of sale?
c. What was the unrealized gain during 2013 on securities still held by the end of 2013?
d. What was the cost of marketable securities purchased during2013?

  • CreatedMarch 04, 2014
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