Examlex

Solved

Stock Trader,Inc Based on the Information Provided,describe How Stock Trader Would Present

question 49

Essay

Stock Trader,Inc.began operations in 2012.Stock Trader has acquired a number of equity investments during 2012.None have been sold.Stock Trader exerts no influence over any of its investments each of which represents a small percentage of the investee.An analysis of Stock Trader's investment portfolios shows the following totals at December 31,2012:
Aggregate CostAggregate Fair ValueDividends received from nvestments  Available-for-Sale  Trading Securities  Securities $49,000$65,000$39,000$90,000$5,000$9,000\begin{array}{l}\begin{array}{lll}\\\text {Aggregate Cost}\\\text {Aggregate Fair Value}\\\text {Dividends received from}\\\text { nvestments }\end{array}\begin{array}{lll}&\text { Available-for-Sale }\\\text { Trading Securities } & \text { Securities } \\ \$ 49,000 & \$ 65,000 \\\$ 39,000 & \$ 90,000 \\\$ 5,000 & \$ 9,000\end{array}\end{array}
Based on the information provided,describe how Stock Trader would present this information in its financial statements.You should discuss what amounts would appear in each financial statement.


Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors and attitudes.

Resists Change

Describes an individual or entity that opposes or struggles against alterations in their environment or status quo.

Difficult

Hard to accomplish, achieve, or deal with; requiring considerable effort or skill.

Easy

A term used to describe tasks or activities that can be accomplished with minimal effort or difficulty.

Related Questions