Homework Answers
The amount for the loss adjustment would be for 6, for the 5 loss in sale and 1 for the change in fair value of the stock available for ale securities.
Please see the journal entries for your better understanding below.
Debit Credit
Investments—held for trading xxx
Loss on equity securities xxx
Investments—available for sale xxx
Unrealized loss on available-for-sale securities xxx
Investments—held for trading xxx
Unrealized gain on available-for-sale securities xxx
Investments—available for sale xxx
Gain on equity securities xxx
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ch12 The investments of Harlon Enterprises included the following cost and fair value amounts rsli 201720...
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ch12 OO eto The investments of Harlon Enterprises included the following cost and fair value amounts (S in millions) Fair Value, Dec. 31 A Company shares B Company bonds C Company shares D Industries shares Sale Securities Cost2012 2013 $ 20 $14 na 35 35 37 14 50 15 na 45 46 Totals $115 $95 $101 Harlon Enterprises sold its holdings of A Company shares on 12, 2013, it purchased the C Company shares. June 1, 2013, for $15 million....
The investments of Harlon Enterprises included the following cost and fair value amounts: ($ in millions)...
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er 15 Investments and Fair Value Accounting PR 15-3B Stock investment transactions, equity method and available-for-sale 03.3.4 securities Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, 2016. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31: 2016 Jan. 18. Purchased 9,000 shares of Malmo Inc. as an available for sale investment at $40 per share, including the brokerage commission. July...
ch12 OO eto The investments of Harlon Enterprises included the following cost and fair value amounts (S in millions) Fair Value, Dec. 31 A Company shares B Company bonds C Company shares D Industries shares Sale Securities Cost2012 2013 $ 20 $14 na 35 35 37 14 50 15 na 45 46 Totals $115 $95 $101 Harlon Enterprises sold its holdings of A Company shares on 12, 2013, it purchased the C Company shares. June 1, 2013, for $15 million....
cht2 Question 3 (of 33) 1.00 points Shott Farm Supplies Company purchased 800 shares of G Motors shares at $50 per share and paid a brokerage fee of $1,200. Two months later, the shares were sold for $53 per share. The brokerage fee on the sale was $1,300. Required: Prepare entries for the purchase and the sale General Journal Credit Investment in GM common shares 41200 「-41200 Cash Cash Loss on sale of investments Investment in GM common shares 「ー1200...
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value 1.00 points a confectionery wholesaler that frequently buys and sells securities to meet various FF&T Company is investment objectives. The following last two months of 2012. At November 1, FF&T held $48 million of selected transactions relate to FF&T's investment activities during the 20-year, 10% bonds of Convenience, Ltd 12, at face value. Management has the positive intent and ability to hold the bonds until maturity. FF&T's financial year ends on December 31. Nov. 1 Received semiannual interest of...
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