Following Are Data for the Trading Securities Held by Lindy

question 3

Essay

Following are data for the trading securities held by Lindy Company as of December 31:
​ $\begin{array}{|l|c|c|c|c|c|}\hline\text { Name } & \begin{array}{c}\text { Number of } \\\text { Shares }\end{array} & \begin{array}{c}\text { Cost } \\\text { per Share }\end{array} & \begin{array}{c}\text { Fair Value } \\\text { per Share }\end{array} & \text { Total Cost } & \text { total Fair Value } \\\hline \text { Laurie, Inc. } & 1,200 & \$ 15.00 & \$ 15.40 \\\hline \text { Scott Corp. } & 800 & 8.00 & 8.25 \\\hline \text { Stephanie Company } & 700 & 14.40 & 13.50 \\\hline \text { Timmer Company } & 900 & 12.35 & 10.77 \\\hline \text { Total } & & & \\\hline\end{array}$ ​
(a) Complete the table above to find the total cost and fair value for the company's trading securities portfolio.
(b) Calculate and record the required December 31 adjustment.
(c) Explain how the adjustment from step (b) is reported on Lindy's financial statements.

Recognize the options available for sentencing in criminal cases.

Describe the procedural differences between criminal and civil trials.

Explain the elements of criminal liability and defenses to crimes.

Understand the structural characteristics and locations of different types of muscle tissue.

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Definitions:

Price

The amount of money expected, required, or given in payment for something, reflecting its value or worth.

Marginal Revenue Product Schedule

A table or representation showing how the marginal revenue product of a factor of production varies as its quantity employed changes.

Land

In economics, land encompasses all natural resources used to produce goods and services, including not just agricultural land but also minerals, forests, and water.

Firm's Demand

The quantity of a product or service that a firm is willing and able to buy at various prices over a given period of time.