DISCUSSION QUESTIONS - Benedictine

2012 Mar. 3 Investments—Cardio Solutions, Inc. Stock 198,000. Cash 198,000. 9,000 shares × $22 per share. Dec. 31 Valuation Allowance for Trading Investments 63,000. Unrealized Gain on Trading Investments 63,000. To record increase in fair value of . trading investments, 9,000 shares × ($29 per share – $22 per share). b. ................
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