Stock Trader,Inc.began operations in 2012.Stock Trader has acquired a number of equity investments during 2012.None have been sold.Stock Trader exerts no influence over any of its investments each of which represents a small percentage of the investee.An analysis of Stock Trader's investment portfolios shows the following totals at December 31,2012:
Based on the information provided,describe how Stock Trader would present this information in its financial statements.You should discuss what amounts would appear in each financial statement.
Definitions:
Perfectly Inelastic
A situation in demand where the quantity demanded does not change regardless of changes in price.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price.
Binding Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service, which is set below the market equilibrium price, leading to shortages.
Supply and Demand Relationships
Fundamental economic concepts that describe how the availability of goods (supply) and the desire for them (demand) interact to determine market prices and quantities.
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