On December 31, 2022, Shelton Corporation has two equity securities in which it has less...
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Accounting
On December 31, 2022, Shelton Corporation has two equity securities in which it has less than a 20% ownership interest and therefore has little or no influence over these companies. Shelton has the following cost and fair value for these two companies, as shown in Illustration 16.11.
ILLUSTRATION 16.11 Computation of fair value adjustmentequity security portfolio (2022)
| Investments | Cost | Fair Value | Unrealized Gain (Loss) | |||
|---|---|---|---|---|---|---|
| Twitter Co. | $259,700 | $275,000 | $15,300 | |||
| Campbell Soup Co. | 317,500 | 304,000 | (13,500) | |||
| Totals | $577,200 | $579,000 | $1,800 |
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