12th Grade Investment Quizzes, Questions & Answers
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Top Trending Investment Quizzes
This is a timed quiz. You got 2 hours and 30 minutes. Good luck!
Questions: 19 | Attempts: 1556 | Last updated: Mar 22, 2025
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Sample Question 1The following data pertain to the equity investments held by Doritos Company classified as "available for sale":Cost 3,000,000Market value: December 31, 2008 2,400,000 December 31, 2009 3,200,000What amount should be reported as unrealized gain in December 31, 2009 shareholders' equity?
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Sample Question 2Banquet Company began operations on January 1, 2009. The following information pertains to the company's December 31, 2009 portfolio of equity securities: TRADING AVAILABLE FOR SALEAggregate cost 4,000,000 6,000,000Aggregate market value 3,700,000 5,500,000Aggregate lower of cost or market value applied to each security 3,500,000 5,300,000The market declines are judged to be "other than temporary". What amount should Banquet report as total loss on these securities in its 2009 income statement?
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Sample Question 3Information regarding Trinity Company's portfolio of available for sale securities is as follows:Aggregate cost - December 31, 2009 1,700,000Unrealized gains - December 31, 2009 40,000Unrealized losses - December 31, 2009 260,000Net realized gains during 2009 300,000On January 1, 2007 Trinity Company reported an unrealized loss of P15,000 as a component of shareholders' equity. In its December 31, 2009 shareholders' equity section of the balance sheet, Trinity Company should report what amount of unrealized loss on these securities?
Recent Investment Quizzes
This is the last of the batch. It's timed as well.
Questions: 11 | Attempts: 362 | Last updated: Aug 21, 2025
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Sample QuestionChocolate Company operates a seafood restaurant. On October 1, 2009, Chocolate determined that it will need to purchase 50,000 kilos of deluxe fish on March 1, 2010. Because of the volatile fluctuation in the price of deluxe fish, on October 1, 2009, Chocolate negotiated a forward contract with a reputable bank for Chocolate to purchase 50,000 kilos of deluxe fish onMarch 1, 2010 at a price of P50 per kilo or P2,500,000. This forward contract was designated as a cash flow hedge. The derivative forward contract provides that if the market price of deluxe fish on March 1, 2010 is more than P50, the difference is paid by the bank to Chocolate. On the other hand, if the market price on March 1, 2010 is less than P50, Chocolate will pay the difference to the bank. On December 31, 2009, the market price per kilo P60 and on March 1, 2010, the market price is .93. What is the fair value of the derivative asset or liability on December 31, 2010?
This Investment Quiz: 20 Questions Part 1 assesses knowledge on trading securities, marketable equity securities, and unrealized gains and losses. It evaluates understanding of financial statements impact and market value...
Questions: 20 | Attempts: 2807 | Last updated: Apr 22, 2025
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Sample QuestionOn December 31, 2009, Otter Company had investments in trading securities as follows: COST MARKET VALUE Man Company 1,000,000 1,300,000 Kemo Company 900,000 1,100,000 Fenn Company 1,100,000 900,000 3,000,000 3,300,000Otter's December 31, 2009 balance sheet should report the following trading securities at:
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