Chapter 1 Problem 9-16 to 20 Multiple Choice
Problem 9-16 Answer A
Cost Market A common 1,000,000 800,000
B common 1,500,000 1,800,000
C preferred 2,000,000 1,700,000
D preferred 2,500,000 2,600,000
Total 7,000,000 6,900,000
Problem 9-17 Answer A
Cost Market
Man 1,000,000 900,000
Kemo 900,000 1,100,000
Penn 1,100,000 800,000
Total 3,000,000 2,800,000
Unrealized loss (3,000,000 – 2,800,000) 200,000
Problem 9-18 Answer A
Total market value – December 31, 2008 2,000,000
Total market value – December 31, 2007 1,650,000
Unrealized gain 350,000
Problem 9-19 Answer A
Total market value – December 31, 2008 4,500,000
Total market value – December 31, 2007 4,800,000
Unrealized loss in 2008 ( 300,000)
Unrealized loss – December 31, 2007 ( 200,000)
Total unrealized loss – December 31, 2008 ( 500,000)
Problem 9-20 Answer C
Market value – December 31, 2008 1,600,000
Market value – December 31, 2007 1,300,000
Unrealized gain in 2008 300,000
Unrealized loss – December 31, 2007 ( 200,000)
Net unrealized gain – December 31, 2008 100,000
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