Eleston Printing Acquired the Following Short-Term Equity Securities on January

question 104

Multiple Choice

Eleston Printing acquired the following short-term equity securities on January 1,2X12: $\begin{array}{lcccc}\text { Company. } & \text { \# of Shares } & \text { Price/share } & & \text { Total Cost } \\\text { Color, Inc. }& 250 & \$ 22 & & \$ 5,500 \\\text { Black, Inc. } & 300 & 22 & & 6,600 \\\text { White, Inc. } & 500 & 14 & & \underline{7,000} \\& & & & \$ 19,100\end{array}$ The quarter-end prices per share were as follows:
$\begin{array}{lcc}\text { Company } & 03 / 31 / 2X12 & 06 / 30 / 2X12 & 09 / 31 / 2X12 & 12 / 30 / 2X12\\\text { Color, Inc. } & \$ 23 & \$ 21&\$22&\$21 \\\text { Black, Inc. } & 24 & 20 &23&24\\\text { White. Inc. } & 15 & 14&13&13\end{array}$ Eleston Printing considers Color,Inc.stock to be a trading security and Black,Inc.and White,Inc.to be available-for-sale securities.
What will be the net increase or decrease included in Accumulated Other Comprehensive Income in the stockholders' equity section of the balance sheet for the three month period ending September 30,2X12?

• A)$-0-
• B)$(200)
• C)$(400)
• D)$200
• E)$400