What's wrong with those 4 answers????? Problem 17-11 Nash Corp. invested its excess...
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What's wrong with those 4 answers?????
Problem 17-11 Nash Corp. invested its excess cash in securities during 2017. As of December 31, 2017, the securities portfolio consisted of the following common stocks Quantity 1,000 shares 2,100 shares 2,100 shares Security Cost Lindsay Jones, Inc. Poley Corp Arnold Aircraft Fair Value $21,000 42,200 59,300 Totals $126,500 $122,500 $15,000 40,100 71,400 Your answer is correct. What should be reported on Nash's December 31, 2017, balance sheet relative to these securities? What should be reported on Fernandez's 2017 income statement? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Nash Corp. Balance Sheet (Partial) December 31, 2017 Current Assets Equity Investments 122500 Income Statement For the Year Ended December 31, 2017 Other Expenses and Losses Unrealized Holding Gain or Loss - Equity 4000
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