Kramer companys trading securities portfolio which is, Ask an Expert

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Kramer Company's trading securities portfolio which is appropriately included in current assets is as follows:

December 31, 2010
Cost Fair Value Unrealized Gain (Loss)
Catlett Corp. $250,000 $200,000 $(50,000)
Lyman, Inc. 245,000 265,000 20,000
$495,000 $465,000 $(30,000)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M995117

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