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.

---

Definitions:

Child Abuse

Physical, sexual, or psychological maltreatment or neglect of a child, especially by a parent or guardian.

Family Is Deteriorating

A perspective suggesting that traditional family structures and values are in decline.

Financial Success

Achieving a level of wealth, income, or financial stability that meets or exceeds one's goals and needs.

Sense Of Entitlement

The belief that one inherently deserves privileges or special treatment regardless of their actual achievements or efforts.