The Following Information Related to the Marketable Security Investments of Solo

question 98

Short Answer

The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security. During 2010, Solo received word that dividends of $2.50 per share were declared, but not yet received on the 150 shares of CCC stock. The per-share market value of CCC on December 31, 2010, was $18. During 2011, Solo sold 150 shares of CCC for $22 per share. The journal entry to record the 2009 revaluation of the CCC securities would be:

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Definitions:

Verbal Responses

Verbal responses are spoken reactions or replies to stimuli, questions, or interactions, playing a crucial role in communication and therapy.

Empathy

The ability to understand and share the feelings of another from their perspective.

Implicit Messages

Information conveyed indirectly, through suggestion or understanding rather than explicit statements.

Client's Feelings

The emotions or affective states expressed by individuals receiving therapy or counseling.