Weaver Company Has the Following Data at December 31, 2014

question 139

Essay

Weaver Company has the following data at December 31, 2014 for its securities.
Securities Cost Fair Value
Trading $90,000 $93,000
Non-Trading 75,000 71,000
Instructions
(a) Prepare the adjusting entries to report the securities at fair value.
(b) Indicate the statement presentation of the related unrealized gain (loss) accounts for each class of securities.

---

Definitions:

Enthymeme

A rhetorical argument that is comprised of a premise and a conclusion but leaves one premise unstated.

Validity

The characteristic of possessing factual or logical robustness; in the realm of logic, it denotes a situation where true premises inevitably lead to a true conclusion.

Unstated Premise

An implicit assumption that is not explicitly expressed within an argument but is necessary for the argument's conclusion to hold.

Syllogism

A type of logic where a conclusion is reached from two provided or assumed statements (premises); a typical structure in logical reasoning.