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Roe Inc.s non-strategic investments as of December 31, 2014, are

Roe Inc.s non-strategic investments as of December 31, 2014, are as follows: Roe Inc. had no investments

Question:

Roe Inc.€™s non-strategic investments as of December 31, 2014, are as follows:

Roe Inc. had no investments prior to 2014.
Required
1. Prepare the impairment adjustment at December 31, 2014, based on the information provided.
2. Illustrate how the investments will be reported on the December 31, 2014, balancesheet.

Transcribed Image Text:

Cost Fair Value $19,450 42,050 24,250 31,950 42,750 Inco Limited common sh 34,800

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Question Posted: Jan 08, 2015 08:58 AM

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