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:

Production Capacity

The maximum output that a company can produce under normal conditions over a certain time period, with its current resources.