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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Bridgeport Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio consisted of the following common stocks.
Security
|
Quantity
|
Cost
|
Fair Value
|
|||||
Lindsay Jones, Inc. | 1,000 shares | $15,100 | $21,100 | |||||
Poley Corp. | 2,000 shares | 39,900 | 41,800 | |||||
Arnold Aircraft | 2,000 shares | 72,500 | 60,300 | |||||
Totals | $127,500 | $123,200 |
What should be reported on Bridgeport’s December 31, 2020,
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