Homework Answers
Reporting category: Available for sale securities
Investment in Fedex Stock=4000000(40000*100)
Fair value through net income (unrealized gain in Fedex Stock) =200000(40000*(100-95))
IN CASE OF ANY DOUBTS OR CORRECTIONS FEEL FREE TO COMMENT BELOW. THANK YOU
Add Answer to:
Adams Industries holds 40.000 shares of FedEx common stock, which Is not a large enough ownershilp...
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership...
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $97 and $111 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet? Fair value through net income Equity method Consolidation
Adams Industries holds 41,000 shares of FedEx common stock, which is not a large enough ownership...
Adams Industries holds 41,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx On December 31, 2021, and December 31, 2022, the market value of the stocks $94 and $102 per share, respectively What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet Fair value through net income Equity method Consolidation
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership...
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $97 and $111 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet? Answer is complete but not entirely correct. Fair value through net...
S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On...
S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $745,000 and sold the bonds on January 3, 2022, for $748,500. At December 31, the bonds had a fair value of $742,500. What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment (ignoring interest)? (Enter all amounts as positive values.) Pretax Amount 2021 2022 Gain...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and proferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $440,000 and $73,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 57,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 27,000 shares...
On December 31, 2017, Dow Steel Corporation had 650,000 shares of common stock and 35,000 shares...
On December 31, 2017, Dow Steel Corporation had 650,000 shares
of common stock and 35,000 shares of 9%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
5% common stock dividend on May 15 and paid cash dividends of
$450,000 and $74,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 64,000 common shares. Also, as a
part of a 2017 agreement for the acquisition of Merrill Cable
Company, another 26,000 shares...
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $97 and $111 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet? Fair value through net income Equity method Consolidation
Adams Industries holds 41,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx On December 31, 2021, and December 31, 2022, the market value of the stocks $94 and $102 per share, respectively What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet Fair value through net income Equity method Consolidation
Adams Industries holds 56,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $97 and $111 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet? Answer is complete but not entirely correct. Fair value through net...
S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $745,000 and sold the bonds on January 3, 2022, for $748,500. At December 31, the bonds had a fair value of $742,500. What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment (ignoring interest)? (Enter all amounts as positive values.) Pretax Amount 2021 2022 Gain...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and proferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
On December 31, 2017, Dow Steel Corporation had 650,000 shares
of common stock and 35,000 shares of 9%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
5% common stock dividend on May 15 and paid cash dividends of
$450,000 and $74,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 64,000 common shares. Also, as a
part of a 2017 agreement for the acquisition of Merrill Cable
Company, another 26,000 shares...
Most questions answered within 3 hours.
-
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 5 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 5 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 7 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 8 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 12 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 28 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 29 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 49 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 1 hour ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 47 minutes ago -
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 58 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 1 hour ago