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Non-current assets:
Available-for-sale securities (carried at fair value) $96,450
Equity:
Accumulated other comprehensive income (OCI) Unrealized gains and losses on available-for-sale securities 19,800
Historical cost of the available-for-sale securities was
A. $63,595
B. $76,650
C. $96,450
D. $116,250
HISTORICAL COST = 96450+19800=116250 (D)
THE DEBIT BALANCE OF UNREALIZED ACCOUNT SIGNIFIES THAT IT IS UNREALIZED LOSS THUS YOU HAVE TO ADD 19,800.00 TO THE REPORTED VALUE FOR THE AVAILABLE FOR SALE SECURITIES 96,450.00 TO GET THE HISTORICAL COST FOR IT
Available for sale securities are always reflected in the Balance Sheet at their Fair Value in Current Assets section and any loss or gain in Stockholders Equity in Unrealized Gains or Loss. Hence the Answer is 'C' - $96,450.
Answer $116,250
Option >>>>>>>>>>>>>>>>>>> D
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟
