At January 1, 2014, the Available-For-Sale Securities Portfolio Held by Darma

question 52

Essay

At January 1, 2014, the available-for-sale securities portfolio held by Darma Corporation consisted of the following investments:
1. 2,500 shares of H2 common stock purchased for $43 per share.
2. 1,500 shares of Krypto common stock purchased for $50 per share.
At December 31, 2014, the fair values per share were H2 $36 and Krypto $54.
Instructions
(a) Prepare a schedule showing the cost and fair value of the portfolio at December 31, 2014.
(b) Prepare the adjusting entry to report the portfolio at fair value at December 31, 2014.

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Definitions:

Infusion Rates

The speed at which fluids or medications are administered intravenously to a patient, measured in milliliters per hour (mL/hr).

Dopamine Infusion

A medical treatment involving the continuous intravenous administration of dopamine to support heart function and blood pressure.

Shock

A critical condition brought on by a sudden drop in blood flow through the body, leading to failure of organ systems.

DE-style Equations

Differential equations following specific styles or methods used in mathematical or engineering problems.