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MMLU / A nongovernmental, not-for-profit organization held the following investments:

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A nongovernmental, not-for-profit organization held the following investments: Investment Cost, Fair value (beginning of year), Fair value (end of year) Stock A (100 shares), 50pershare,50 per share, 45, 51StockB(200shares),51 Stock B (200 shares), 40 per share, 41,41, 49 What amount of stock investments should be reported in the year-end statement of financial position?
Plain-text mathematical notation (without MathML)
A nongovernmental, not-for-profit organization held the following investments:
Investment Cost, Fair value (beginning of year), Fair value (end of year)
Stock A (100 shares), 50pershare,45, 51StockB(200shares),40 per share, 41,49
What amount of stock investments should be reported in the year-end statement of financial position?
Original LaTeX notation
A nongovernmental, not-for-profit organization held the following investments:
Investment Cost, Fair value (beginning of year), Fair value (end of year)
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?

choices

  1. $12,700
  2. $13,000
  3. $13,800
  4. $14,900

subject

professional_accounting

Discussion

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Source and history

task_id
7c2db1fd-4ee1-57c1-b19a-72ddad41dcbe
task_key
all--test--7c2db1fd-4ee1-57c1-b19a-72ddad41dcbe
task_revision_id
1
config / split
all / test

Official source

initial import