JED Capital Inc. makes investments in trading securities. Selected income statement items for the years ended December
Question:
There were no dividends.
Determine the missing lettered items.
Transcribed Image Text:
JED Capltal Inc. Selected Income Statement Items For the Years Ended December 31, 2016 and 2017 2016 2017 Operating income Unrealized gain (loss) Net income a. b. (11,000) C. e. 28,000 JED Capltal Inc. Selected Balance Sheet Items December 31, 2015, 2016, and 2017 Dec. 31, 2015 $144,000 Dec. 31, 2016 $168,000 Dec. 31, 2017 $205,000 Trading investments, at cost Valuation allowance for trading investments Trading investments, at fair value Retained earnings (12000 170009 h. d. $210,000 $245,000
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Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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