The Data Below Pertains to the Values of Various FVTOCI

question 11

Multiple Choice

The data below pertains to the values of various FVTOCI investments held by a client company: $$\begin{array} { | l | r | l | l | } \hline \text { Stock }&\text { Shares } & \text { Cost } & \text { Market Value (1281/2011) } \\\hline X & 500 & \$ 30 = \$ 15,000 & \$ 24 = \$ 12,000 \\\hline Y & 1,000 & 20 = 20,000 & 30 = 30,000 \\\hline Z & 750 & 24 = 18,000 & 30 = 22,500 \\\hline\end{array}$$ 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:

Cyclic Side Chain

A side chain forming a ring structure within a larger molecule, contributing to the molecular functionality and properties.

Nylon

A durable synthetic polymer, primarily used in the production of fabrics, plastics, and fibers.

Rayon

A semi-synthetic fiber made from regenerated cellulose, used in a wide variety of textiles and clothing.

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group, playing significant roles in biochemistry and industry.