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03-01-2023
Business

Answered

during january 2016, optimum glass company purchased the following securities as its long-term available-for-sale securities investment portfolio:
d corporation common stock: 14,000 shares (95,000 outstanding) at $ 11 per share
f corporation bonds: $ 400,000 (20-year, 7 percent) purchased at par (not to be held to maturity)
subsequent to acquisition, the following data were available:
required:
(c) for each year, show how the following amounts should be reported on the financial statements: a. long-term investments. b. stockholders' equity-net unrealized losses/gains. c. revenues.

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