Please help me Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on theincome statement:Gains (losses) from sale of securitiesUnrealized holding losses on valuation of securitiesUnrealized holding gain on valuation of securitiesAt January 1, 2027, Vaughn owned the following securities:BKD Common (16,000 shares @ $32)LRF Preferred (2,400 shares @ $106)1.2.(b)2024$14,100(25,100)Cost$512,000254,400During 2027, the following events occurred:Sold 4,700 shares of BKD for $164,500.Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000.At 12/31/27, the fair values for Vaughn's investments were:BKD Common, $30 per shareLRF Preferred, $111 per shareHorton Common, $44 per shareAggregate costAggregate fair value $2025$(20,900)10,4002026$13,800(14,700)Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27.

The cost of securities can be calculated by the no of securities held multiplied by cost of the…

Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: Gains (losses) from sale of securities Unrealized holding losses on valuation of securities Unrealized holding gain on valuation of securities At January 1, 2027, Vaughn owned the following securities: BKD Common (16,000 shares @ $32) LRF Preferred (2,400 shares @ $106) During 2027, the following events occurred: 1. 2 (b) Cost $512,000 254,400 At 12/31/27, the fair values for Vaughn's investments were: BKD Common, $30 per share LRF Preferred, $111 per share Horton Common, $44 per share 2024 $14,100 $(20,900) (25,100) Aggregate cost $ Aggregate fair value $ 2025 - Sold 4,700 shares of BKD for $164.500. Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000 10,400 2026 Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27. $13,800 (14,700)

Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: Gains (losses) from sale of securities Unrealized holding losses on valuation of securities Unrealized holding gain on valuation of securities At January 1, 2027, Vaughn owned the following securities: BKD Common (16,000 shares @ $32) LRF Preferred (2,400 shares @ $106) During 2027, the following events occurred: 1. 2 (b) Cost $512,000 254,400 At 12/31/27, the fair values for Vaughn's investments were: BKD Common, $30 per share LRF Preferred, $111 per share Horton Common, $44 per share 2024 $14,100 $(20,900) (25,100) Aggregate cost $ Aggregate fair value $ 2025 - Sold 4,700 shares of BKD for $164.500. Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000 10,400 2026 Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27. $13,800 (14,700)

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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