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lys-0071 [83]
3 years ago
10

not-for-profit organization held the following investments: Investment Cost Fair value (beginning of year) Fair value (end of ye

ar) Stock A (100 shares) $50 per share $45 $51 Stock B (200 shares) $40 per share $41 $49 What amount of stock investments should be reported in the year-end statement of financial position?
Business
1 answer:
arsen [322]3 years ago
3 0

Answer:

$14,900

Explanation:

not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.

Here,

Investment                                   Fair value (end of year)

Stock A (100 shares)                                     $51

Stock B (200 shares)                                    $49

Stock A = (100 * 51) = $5,100

Stock B = (200 * 49) = $9,800

Total Investment fair value at end of year = $14,900

$14,900 will be the amount reported in stock investments in the year-end statement of financial position.

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I tried the best I could.

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4 0
3 years ago
Cavy Company accumulated 580 hours of direct labor on Job 456 and 850 hours on Job 777. The direct labor was incurred at a rate
JulsSmile [24]

Answer:

$30,800

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7 0
3 years ago
What is traditionalist account? Give an example.​
horsena [70]

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2 years ago
Olde Shoppe has the following information at August​ 31: times Two deposits made on August 31 were not on the bank​ statement, t
Reika [66]

Answer:

The adjusted book balance at August​ 31 is $13,824

Explanation:

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