CourseLover

(12)

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago, 1 Day Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 10 Dec 2017 My Price 10.00

gain on the investment in Marston stock

On March 1, 2010, Acadia purchased 1,000 shares of common stock of Marston Corp. for $50,000 and classified the investment as available-for-sale securities. On December 31, 2010, the Marston stock had a fair value of $53,000. Acadia Corp. prepares its financial statements in accordance with IFRS. Acadia elects to use fair value through profit or loss to record its investments in available-for-sale securities. How is the gain on the investment in Marston stock reported in Acadia’s 2010 financial statements?

Answers

CourseLover
(12)
Status NEW Posted 10 Dec 2017 03:12 PM My Price 10.00

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