Question: On May 12 2014 Chewco Co purchased 2 000 shares of

On May 12, 2014, Chewco Co. purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. The Jedi investment was classified as an available-for-sale security. On December 31, 2014, the fair value of Jedi Inc. was $124 per share. The net income of Chewco Co. was $50,000 for 2014.
Compute the comprehensive income for Chewco Co. for the year ended December 31, 2014.


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  • CreatedFebruary 28, 2014
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