The Data Below Pertains to the Values of Various FVTOCI

question 106

Multiple Choice

The data below pertains to the values of various FVTOCI investments held by a client company: $\begin{array}{|l|l|l|l|}\hline\text { Stock } & \text { Shares } & \text { Cost } & \begin{array}{l}\text { Market Value } \\(\mathbf{1 2} / \mathbf{3 1} / \mathbf{2 0 1 1}) \end{array} \\\hline\mathrm{X} & 500 & \$ 30=\$ 15,000 & \$ 24=\$ 12,000 \\\hline Y & 1,000 & 20=20,000 & 30=30,000 \\\hline Z & 750 & 24=18,000 & 30=22,500\\\hline\end{array}$ The company's entire FVTOCI portfolio should be valued at which amount on December 31^st,2011?

• A)$50,000
• B)$53,000
• C)$64,500
• D)$67,500

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Definitions:

Continual Darkness

An environmental condition where there is a constant absence of light, which can affect growth, behavior, and biological rhythms in organisms.

Stomata

Small openings on the surface of plant leaves and stems that allow for gas exchange between the environment and the plant's internal tissues.

Temporal Mechanisms

Processes or systems that operate over time to regulate biological or physical events in a chronological manner.

Photosynthetic

The process by which green plants, algae, and some bacteria convert light energy into chemical energy in the form of glucose, using carbon dioxide and releasing oxygen.