Springer Inc.carries the following marketable equity securities on its books at December 31,2013,and 2014.All securities were purchased during 2013 and there were no beginning balances in any market adjustment accounts.
The cost method is used in accounting for all investments in securities.
Definitions:
Price-earnings Ratio
A valuation metric for assessing a company's current share price relative to its per-share earnings.
Stock Market
A public market for the trading of company stock and derivatives at agreed prices.
Future Earnings
Projected profits or income a company expects to generate in future periods.
Prior Period Adjustment
Corrections of errors in previously published financial statements not related to the current period.
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