Missing Statement Items, Trading Investments1. EX.15-01JED 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, are2. EX.15-02shown in the income statement and balance sheet below:3. EX.15-03There were no dividends.Determine the missing items.4. EX.15-06JED Capital Inc.5. EX.15-08.ALGOSelected Income Statement Items6. EX.15-11.ALGOFor the Years Ended December 31, Year 2 and Year 3Year 2Year 37. EX.15-14.ALGOOperating Income$Unrealized Gain (Loss)(3,400)Net Income$23,800JED Capital Inc.Selected Balance Sheet ItemsDecember 31, Year 1, Year 2, and Year 3Dec. 31, Year 1Dec. 31, Year 2Dec. 31, Year 3Trading Investments, at Cost$209,200$248,200$292,500Valuation Allowance for Trading Investments(10,200)15,300Trading Investments, at Fair ValueRetained Earnings$246,600$326,300

Missing Statement Items, Trading Investments 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 shown in the income statement and balance sheet below: There were no dividends. Determine the missing items. JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 Operating Income Unrealized Gain (Loss) (3,400) Net Income $23,800 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Trading Investments, at Cost $209,200 $248,200 $292,500 Valuation Allowance for Trading Investments (10,200) 15,300 Trading Investments, at Fair Value Retained Earnings $246,600 $326,300 $

Missing Statement Items, Trading Investments 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 shown in the income statement and balance sheet below: There were no dividends. Determine the missing items. JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 Operating Income Unrealized Gain (Loss) (3,400) Net Income $23,800 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Trading Investments, at Cost $209,200 $248,200 $292,500 Valuation Allowance for Trading Investments (10,200) 15,300 Trading Investments, at Fair Value Retained Earnings $246,600 $326,300 $

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter2: Asset And Liability Valuation And Income Recognition

Section: Chapter Questions

Problem 21PC

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