Mastroianni Corp.Foxx Corp.\'s investment portfolio as reported in the balance s
ID: 2574295 • Letter: M
Question
Mastroianni Corp.Foxx Corp.'s investment portfolio as reported in the balance sheet is as follows: [40]
Investment: Dec 31, 2016 | Dec 31, 2015
Huston Inc.(*1): $2,026 | $2,201
Massey Inc.(*2): $11,317 | $10,253
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Total: $13,343 | $12,454
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(*1)Market value: $2,140 | $2,347
(*2)Cost: $10,768 | $9,774
Investment income in year ending: Dec 31, 2016
Interest and dividend income: $761
Realized Gains (Losses): $42
Total: $803
Foxx Corp. accounts for its investment in Huston Inc. using the held-to-maturity method and its investment in Massey Inc. using the available-for-sale method.
What will Foxx Corp. report as investment income in 2016 if it uses the trading method for all its investments? [Enter only numbers and minus sign if needed; no commas or $signs or brackets () should be entered.]
Explanation / Answer
As per Tranding Method FOxx Corp. will Show Following as Investment.
Huston Inc 2140 Massey Inc 11317 Total 1357 Add Intrest 761 Less- Loss -42 Total Investment As per Tranding Method For the year 2016 14176