Answers
ANSWER:-
(A) cost basis: It means the investment is recorded in balance sheet based on the cost at which it is acquired. Here it is 160,000
(B) Lower of cost or market:individual security basis. It means we will lower of the both considering each investment independently.
Bristol = $48,000
Titanium= $50000
Zila = $50000
Total = $148,000
Portfolio basis: here we will see overall portfolio and it s $160,000
(C) Fair value is based on latest value of the investment and it is $183,000
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