The Data Below Pertains to the Values of Various FVTPL

question 123

Multiple Choice

The data below pertains to the values of various FVTPL 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 FVTPL 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:

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The preferential use of one hand over the other for performing tasks, typically categorized as right-handed, left-handed, or ambidextrous.

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