Steve has invested in twelve different stocks that have a combined value today of $121, 300. Fifteen percent of that total is invested in Wise Man Foods. The 15 percent is a measure of which of the following? A. Portfolio Return
B. Portfolio Weight
C. Degree of Risk
D. Price-Earnings Ratio
E. Index Value

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?