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Trading invesments: missing financial statement items JED Capital Inc. makes investments in trading securities. Selected income statement and balance sheet items for the years ended December 31, Year 2 and Year 3, are as follows: Determine the missing items assuming JED Capital Inc. paid no dividends   JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Income from operations $fill in the blank dfec5df9ef9bfbd_1 $fill in the blank dfec5df9ef9bfbd_2 Unrealized loss on trading investments fill in the blank dfec5df9ef9bfbd_3 (11,000) Net Income $fill in the blank dfec5df9ef9bfbd_4 $28,000   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 $144,000 $168,000 $205,000 Valuation allowance for trading investments (12,000) 17,000 fill in the blank a2dc4ffa901afc1_1 Trading investments, at fair value fill in the blank a2dc4ffa901afc1_2 fill in the blank a2dc4ffa901afc1_3 fill in the blank a2dc4ffa901afc1_4 Retained earnings $210,000 $245,000 $fill in the blank a2dc4ffa901afc1_5

Trading invesments: missing financial statement items JED Capital Inc. makes investments in trading securities. Selected income statement and balance sheet items for the years ended December 31, Year 2 and Year 3, are as follows: Determine the missing items assuming JED Capital Inc. paid no dividends   JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Income from operations $fill in the blank dfec5df9ef9bfbd_1 $fill in the blank dfec5df9ef9bfbd_2 Unrealized loss on trading investments fill in the blank dfec5df9ef9bfbd_3 (11,000) Net Income $fill in the blank dfec5df9ef9bfbd_4 $28,000   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 $144,000 $168,000 $205,000 Valuation allowance for trading investments (12,000) 17,000 fill in the blank a2dc4ffa901afc1_1 Trading investments, at fair value fill in the blank a2dc4ffa901afc1_2 fill in the blank a2dc4ffa901afc1_3 fill in the blank a2dc4ffa901afc1_4 Retained earnings $210,000 $245,000 $fill in the blank a2dc4ffa901afc1_5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Trading invesments: missing financial statement items

JED Capital Inc. makes investments in trading securities. Selected income statement and balance sheet items for the years ended December 31, Year 2 and Year 3, are as follows:

Determine the missing items assuming JED Capital Inc. paid no dividends

 

JED Capital Inc.
Selected Income Statement Items
For the Years Ended December 31, Year 2 and Year 3
  1. Income from operations $fill in the blank dfec5df9ef9bfbd_1 $fill in the blank dfec5df9ef9bfbd_2
    Unrealized loss on trading investments fill in the blank dfec5df9ef9bfbd_3 (11,000)
    Net Income $fill in the blank dfec5df9ef9bfbd_4 $28,000

     

    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 $144,000 $168,000 $205,000
    Valuation allowance for trading investments (12,000) 17,000 fill in the blank a2dc4ffa901afc1_1
    Trading investments, at fair value fill in the blank a2dc4ffa901afc1_2 fill in the blank a2dc4ffa901afc1_3 fill in the blank a2dc4ffa901afc1_4
    Retained earnings $210,000 $245,000 $fill in the blank a2dc4ffa901afc1_5
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