JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 Operating income a. e. Unrealized gain (loss) b. $(11,000) Net income C. 28,000 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Trading investments, at cost Valuation allowance for trading investments $144,000 $168,000 $205,000 (12,000) 17,000 g. Trading investments, at fair value Retained earnings d. f. h. $210,000 $245,000 i. There were no dividends.
JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 Operating income a. e. Unrealized gain (loss) b. $(11,000) Net income C. 28,000 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Trading investments, at cost Valuation allowance for trading investments $144,000 $168,000 $205,000 (12,000) 17,000 g. Trading investments, at fair value Retained earnings d. f. h. $210,000 $245,000 i. There were no dividends.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
JED Capital Inc. makes investments in trading securities. Selected income statement items for the years ended December 31, Year 2 and Year 3, plus selected items from comparative balance sheets, are as follows:
Please see the attachment for details:
Determine the missing lettered items.
Transcribed Image Text:JED Capital Inc.
Selected Income Statement Items
For the Years Ended December 31, Year 2 and Year 3
Year 2
Year 3
Operating income
a.
e.
Unrealized gain (loss)
b.
$(11,000)
Net income
C.
28,000
Transcribed Image Text:JED Capital Inc.
Selected Balance Sheet Items
December 31, Year 1, Year 2, and Year 3
Dec. 31, Year 3
Dec. 31, Year 1
Dec. 31, Year 2
Trading investments, at cost
Valuation allowance for trading investments
$144,000
$168,000
$205,000
(12,000)
17,000
g.
Trading investments, at fair value
Retained earnings
d.
f.
h.
$210,000
$245,000
i.
There were no dividends.
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