Examlex
The income statement for Dodson Corporation reported net income of $22,400 for the year ended December 31, 2012 before considering the following:
During the year the company purchased available-for-sale securities. At year end, the fair value of the investment portfolio was $2,100 more than cost.
The balance of retained earnings was $83,000 on December 31, 2011. Dobson Corporation paid $9,000 in cash dividends in 2012. Calculate the balance of retained earnings on December 31, 2012.
Unrealized Loss
A decrease in the value of an investment that has not yet been sold for cash.
Trading Investments
Assets that a company holds primarily for the purpose of selling them in the near term to generate income.
Subsidiary Company
A company that is controlled by another company, known as the parent company, through majority ownership or significant influence.
Investee Company
A company in which an investor holds a significant interest but not controlling stake.
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