The cfo has asked you to recommend how income could be


J & J owns the following securities. Information relating to the below available-for-sale equity securities is presented.

December 31, 2015
Security Cost Market Value
A $14,000,000 $35,000,000
B 22,000,000 16,000,000
C 10,000,000 18,000,000
D 28,000,000 8,000,000
Total $74,000,000 $77,000,000

J & J is concerned about meeting the annual earnings estimate. The CFO has asked you to recommend how income could be increased either by selling the investments for a profit or reclassifying them in such a way as to affect income. Give your recommendation(s) and how income would be effected (ignore tax affects).

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Accounting Basics: The cfo has asked you to recommend how income could be
Reference No:- TGS02554990

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