WRD 26e EX 15-17.xlsx - Exercise 15-17 Name: Section:...

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Exercise 15-17 Name: Section:A Score:100% Key Code:[Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded. a.2016 Dec.31Valuation Allowance for Trading Investments17,500
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Unformatted text preview:Unrealized Gain on Trading Investments Cost Arden Enterprises, Inc. $ 150,000 French Broad Industries, Inc. 66,000 Pisgah Construction, Inc. 104,000 Total $ 320,000 Increase (decrease) in fair value of trading investments $ 17,500 b. (Key essay answer here) Instructions 17,500 Fair Value (Dec 31, 2016) $ 170,000 71,500 96,000 $ 337,500