On January 1, 2014, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, 2014, the cost of the available-for-sale securities was $24,260, and the fair value was $26,350. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31, 2014.
Answer to relevant QuestionsOn June 30, 2014, Setzer Corporation had a market price of $100 per share of common stock. For the previous year, Setzer paid an annual dividend of $4.00. Compute the dividend yield for Setzer Corporation.The following bond investment transactions were completed during 2014 by Starks Company:Jan. 31. Purchased 75, $1,000 government bonds at 100 plus 30 days' accrued interest.The bonds pay 6% annual interest on July 1 and ...On January 4, 2014, Penman Company purchased 124,000 shares of Hi Energy Company directly from one of the founders for a price of $44 per share. Hi Energy has 400,000 shares outstanding, including the Penman shares. On July ...Highland Industries Inc. makes investments in available-for-sale securities. Selected income statement items for the years ended December 31, 2014 and 2015, plus selected items from comparative balance sheets, are as ...On December 31, 2013, Valur Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet:Available-for-sale investments (at cost)......... $145,000Plus valuation ...
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