Business, 25.02.2020 19:56, fonsworth5
On October 12, 2017, Neptune Corporation invested $700,000 in short-term available-for-sale marketable securities. The market value of this investment was $730,000 at December 31, 2017, but had slipped to $725,000 by December 31, 2018.
In financial statements prepared on December 31, 2017, Neptune Corporation reports:
(A) The asset Investments in Marketable Securities at $730,000, and a $30,000 Unrealized Holding Gain included in total stockholders' equity.
(B) The asset Investments in Marketable Securities at $700,000 with footnote disclosure of the market value of $730,000.
(C) The asset Investments in Marketable Securities at $730,000, and a $30,000 gain recognized in the income statement.
(D) The asset Investments in Marketable Securities at $700,000, and a $30,000 Unrealized Holding Gain included in total stockholders' equity.
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