...disclosure within the Current? Available-for-sale investments (at cost) $115,000
Plus valuation allowance for available-for-sale investments 25,000
Available-for-sale investments (at fair value) $140,000
There were no purchases or sales of available-for-sale investments during 2010. On December 31, 2010, the fair value of the available-for-sale investment portfolio was $105,000. The net income of Payton Co. was $155,000 for 2010. Prepare a statement of comprehensive income for Payton Co. for the year ended December 31, 2010. Use the minus sign to indicate a decrease or loss.
Payton Co.
Statement of Comprehensive Income
For the Year Ended December 31, 2010
I NEED TO FIGURE OUT THE ITEMS BELOW. I AM STUCK SOMEONE PLEASE HELP.
Net Income
other comprehensive income (loss):
less: unrealized loss on available -for-sale-investments
comprehensive income
Plus valuation allowance for available-for-sale investments 25,000
Available-for-sale investments (at fair value) $140,000
There were no purchases or sales of available-for-sale investments during 2010. On December 31, 2010, the fair value of the available-for-sale investment portfolio was $105,000. The net income of Payton Co. was $155,000 for 2010. Prepare a statement of comprehensive income for Payton Co. for the year ended December 31, 2010. Use the minus sign to indicate a decrease or loss.
Payton Co.
Statement of Comprehensive Income
For the Year Ended December 31, 2010
I NEED TO FIGURE OUT THE ITEMS BELOW. I AM STUCK SOMEONE PLEASE HELP.
Net Income
other comprehensive income (loss):
less: unrealized loss on available -for-sale-investments
comprehensive income