Homework Answers
12.Ans:
C.Consolidated Financial Statements is Correct Answer
Explanation:
dewey inc owns 64% of felicity corporation's outstanding voting stock dewey should account for its investment in felicity Consolidated Financial Statements by using consolidating procedure
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Passive investments in equity Securities die readily marketable investments that management intends to hold for extended...
Question 1 Trading investments include ob equity securities in which the investor holds less than 20...
Question 1 Trading investments include ob equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable investments in debt securities that the investor intends to hold until they mature investments in debt and equity securities that are highly liquid...
Question 20 2 pts Equity securities of Sanchez Inc. were purchased as a short-term passive investment...
Question 20 2 pts Equity securities of Sanchez Inc. were purchased as a short-term passive investment by Hayden Company on December 14 for $1,000. On December 31, the market value of those securities is $1,300. Which one of the following adjusting journal entries is appropriate at December 31? 1,300 Short-term Equity Investments Unrealized Gain Cash 300 1,000 300 Short-term Equity Investments Unrealized Gain 300 300 Short-term Equity Investments Securities Revenue 300 No entry is required.
Which of the following observations is NOT consistent with the accounting for investments in equity securities...
Which of the following observations is NOT consistent with the accounting for investments in equity securities where there is no significant influence? a) When the securities are remeasured to fair value as of the end of each period, any resulting difference is an unrealized gain or loss to be recognized in income b) Changes in the number of investment shares resulting from stock dividends, stock splits, or reverse splits must be formally recorded by the investor c) The investor recognizes...
The following information shows Carperk Company's individual investments in securities during its current year, along with...
The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values. Investment in Brava Company bonds: $324,250 cost; $352,460 fair value. Carperk intends to hold these bonds until they mature in 5 years. Investment in Baybridge common stock: 29,500 shares; $257,779 cost; $280,206 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. Investment in Duffa bonds: $132,943 cost; $143,313 fair value. This investment...
The following information shows Carperk Company's individual Investments in securities during its current year, along with...
The following information shows Carperk Company's individual Investments in securities during its current year, along with the December 31 fair values a. Investment in Brava Company bonds: $420,500 cost: $457000 fair value Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock: 29,500 shares; $362,450 cost: $391,375 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. C. Investment in Duffa bonds: $165,500 cost; $178,000 fair...
The following information shows Carperk Company's individual investments in securities during its current year, along with...
The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values. Investment in Brava Company bonds: $391,050 cost; $425,071 fair value. Carperk intends to hold these bonds until they mature in 5 years. Investment in Baybridge common stock: 29,500 shares; $310,885 cost; $337,932 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. Investment in Duffa bonds: $160,331 cost; $172,837 fair value. This investment...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell in the very near future are debt and equity Securities that the investor expects to hold for more than a year are investments in debt and equity securities that are highly liquid and that the investor intends to convert to cash within...
For the investments in equity securities held as of March 31, 2018, have they increased or...
For the investments in equity securities held as of March 31,
2018, have they increased or decreased in value since they were
originally purchased? By how much? During Q1 (Jan 1 - March 31) did
the portfolio of equity securities increase or decrease in value?
By how much?
Testament of prior year financial statements and for periods ending prior to 2018, unrealized gains and losses from the changes in fair value of available for sale equity securities were recorded in...
The following information shows Carperk Company's individual investments in securities during its current year, along with...
The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values. a. Investment in Brava Company bonds: $490,650 cost $533,337 fair value. Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock 29,500 shares: $390,067 cost $424,003 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge c. Investment in Duffa bonds. $201.167 cost: $216,858 fair...
Does Berkshire Hathaway have more investments in equity securities than just those listed for the Insurance...
Does Berkshire Hathaway have more investments in equity
securities than just those listed for the Insurance and Other
segment? Where are they on the balance sheet? How do you know?
March 31, 2018 (Unaudited) December 31, 2017 $ $ 50,559 48,040 19,920 166,658 25,460 78,515 21,353 164,026 ASSETS Insurance and Other: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Investments in fixed maturity securities Investments in equity securities Investment in The Kraft Heinz Company (Fair Value: 2018 -...
Question 1 Trading investments include ob equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable investments in debt securities that the investor intends to hold until they mature investments in debt and equity securities that are highly liquid...
Question 20 2 pts Equity securities of Sanchez Inc. were purchased as a short-term passive investment by Hayden Company on December 14 for $1,000. On December 31, the market value of those securities is $1,300. Which one of the following adjusting journal entries is appropriate at December 31? 1,300 Short-term Equity Investments Unrealized Gain Cash 300 1,000 300 Short-term Equity Investments Unrealized Gain 300 300 Short-term Equity Investments Securities Revenue 300 No entry is required.
The following information shows Carperk Company's individual Investments in securities during its current year, along with the December 31 fair values a. Investment in Brava Company bonds: $420,500 cost: $457000 fair value Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock: 29,500 shares; $362,450 cost: $391,375 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge. C. Investment in Duffa bonds: $165,500 cost; $178,000 fair...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell in the very near future are debt and equity Securities that the investor expects to hold for more than a year are investments in debt and equity securities that are highly liquid and that the investor intends to convert to cash within...
For the investments in equity securities held as of March 31,
2018, have they increased or decreased in value since they were
originally purchased? By how much? During Q1 (Jan 1 - March 31) did
the portfolio of equity securities increase or decrease in value?
By how much?
Testament of prior year financial statements and for periods ending prior to 2018, unrealized gains and losses from the changes in fair value of available for sale equity securities were recorded in...
The following information shows Carperk Company's individual investments in securities during its current year, along with the December 31 fair values. a. Investment in Brava Company bonds: $490,650 cost $533,337 fair value. Carperk intends to hold these bonds until they mature in 5 years. b. Investment in Baybridge common stock 29,500 shares: $390,067 cost $424,003 fair value. Carperk owns 32% of Baybridge's voting stock and has a significant influence over Baybridge c. Investment in Duffa bonds. $201.167 cost: $216,858 fair...
Does Berkshire Hathaway have more investments in equity
securities than just those listed for the Insurance and Other
segment? Where are they on the balance sheet? How do you know?
March 31, 2018 (Unaudited) December 31, 2017 $ $ 50,559 48,040 19,920 166,658 25,460 78,515 21,353 164,026 ASSETS Insurance and Other: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Investments in fixed maturity securities Investments in equity securities Investment in The Kraft Heinz Company (Fair Value: 2018 -...
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