Homework Answers
Answer: $ 9,900.
Number of shares unsold as at December 31, 2021 = 6,000 - 2,400 - 2,700 = 900
Unrealized loss to be recognized as at December 31, 2021 = $ ( 22 - 33 ) * 900 = $ (9,900)
Add Answer to:
Unsure about my answer!
Qulz 4 Question 1 2.5 pts On September 18, 2019, Rose Company...
On January 1st 2019 Yoda Company made two purchases: 1) purchased 100 of the 1000 shares of Vadar Company for $12,000.Y...
On January 1st 2019 Yoda Company made two purchases: 1) purchased 100 of the 1000 shares of Vadar Company for $12,000.Yoda has no influence on Vadar. 2) purchased 300 of the 1000 shares of Skywalker Company for $6000.Yoda has influence over Skywalker all of Skywalker's assets have a book value = to market value except for a light-saber which has a $5000 book value and a $9000 market value. This light-saber has a 10 year life and no salvage (Skywalker...
On January 1, 2019, Seminole Inc. purchased 300 shares of Cornett Company common stock at $40...
On January 1, 2019, Seminole Inc. purchased 300 shares of Cornett Company common stock at $40 per share. The investment in Cornett Company stock has a market value of $10,500 on December 31, 2019. Seminole recorded the necessary year-end journal entry to record the unrealized gain or loss. Assume that on February 1, 2020, Seminole sold its investment in Cornett stock for $10,000. Required: Prepare the journal entries of Seminole to record the sale. 3 journal entries
On January 1, 2019, Lion Company paid $960,000 for 16,000 shares of Wolf Company's voting common...
On January 1, 2019, Lion Company paid $960,000 for 16,000 shares of Wolf Company's voting common stock, which was a 10% interest in Wolf. Lion does not have the ability to exercise significant influence over the operating and financial policies of Wolf. Lion received dividends of $1.00 per share from Wolf on October 2, 2019. Wolf reported net income of $450,000 for the year ended December 31, 2019, and the ending market price of its shares was $64. On July...
On January 1, 2019, Seminole Inc. purchased 300 shares of Cornett Company common stock at $40...
On January 1, 2019, Seminole Inc. purchased 300 shares of Cornett Company common stock at $40 per share. Assume that on December 31, 2019, the investment in Cornett Company stock has a market value of $10,500. Required: Prepare the year-end journal entry to record the unrealized gain or loss. 2 journal entries
E16 11B (L0 3) (Issuance, Exercise, and Termination of Stock Options) On January 1, 2019, EZ...
E16 11B (L0 3) (Issuance, Exercise, and Termination of Stock Options) On January 1, 2019, EZ Inc. granted stock options to officers and key employees for the purchase of 250,000 shares of the company’s $1 par common stock at $86 per share. The options were exercisable within a 5-year period beginning January 1, 2021, by grantees still in the employ of the company, and expiring December 31, 2023. The service period for this award is 2 years. Assume that the...
- Your answer is partially correct. Larkspur Company adopted a stock-option plan on November 30, 2019,...
- Your answer is partially correct. Larkspur Company adopted a stock-option plan on November 30, 2019, that provided that 70,900 shares of $5 par value stock be designated as available for the granting of options to officers of the corporation at a price of $10 a share. The market price was $13 a share on November 30, 2020. On January 2, 2020, options to purchase 29,700 shares were granted to president Tom Winter-14.200 for services to be rendered in 2020...
On January 2, 2019, All Good Company purchased 7,000 shares of the stock of Big Bad...
On January 2, 2019, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $11 per share, and represents a 10% ownership stake. Big Bad Company made $375,000 of net income in 2019, and paid dividends to All Good Company of $7,500 on December 15, 2019. On December 31, 2019, Big Bad Company's stock was trading on the open market for...
On January 2, 2019, All Good Company purchased 9,000 shares of the stock of Big Bad...
On January 2, 2019, All Good Company purchased 9,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $17 per share, and represents a 10% ownership stake. Big Bad Company made $475,000 of net income in 2019, and paid dividends to All Good Company of $10,000 on December 15, 2019. On December 31, 2019, Big Bad Company's stock was trading on the...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash:...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: • 750,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $19.00 per share. • 260,000 shares of $110 par value, 8.50% cumulative, preferred stock were authorized; 75,000 shares were issued on January 1, 2019, at $130 per share. • Net income for the years ended December 31, 2019 and 2020 was $1,290,000 and $2,520,000, respectively. •...
Trading Securities: Midwest Bank invests in trading securities. At the beginning of December 2019, the bank...
Trading Securities: Midwest Bank invests in trading securities. At the beginning of December 2019, the bank held no trading securities. During December of 2019, it entered into the following trading securities transactions: Dec 10: Purchased 500 shares of C Company common stock for $76 per share Dec 21: Purchased 800 shares of D Company common stock for $34 per share At the end of December, the C Company common stock had a quoted market price of $79 per share and...
On January 1st 2019 Yoda Company made two purchases: 1) purchased 100 of the 1000 shares of Vadar Company for $12,000.Yoda has no influence on Vadar. 2) purchased 300 of the 1000 shares of Skywalker Company for $6000.Yoda has influence over Skywalker all of Skywalker's assets have a book value = to market value except for a light-saber which has a $5000 book value and a $9000 market value. This light-saber has a 10 year life and no salvage (Skywalker...
- Your answer is partially correct. Larkspur Company adopted a stock-option plan on November 30, 2019, that provided that 70,900 shares of $5 par value stock be designated as available for the granting of options to officers of the corporation at a price of $10 a share. The market price was $13 a share on November 30, 2020. On January 2, 2020, options to purchase 29,700 shares were granted to president Tom Winter-14.200 for services to be rendered in 2020...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: • 750,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $19.00 per share. • 260,000 shares of $110 par value, 8.50% cumulative, preferred stock were authorized; 75,000 shares were issued on January 1, 2019, at $130 per share. • Net income for the years ended December 31, 2019 and 2020 was $1,290,000 and $2,520,000, respectively. •...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 1 hour ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 1 hour ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 3 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 4 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 4 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 4 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 5 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 5 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 5 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 5 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 5 hours ago -
Why are polymers not typically casted into products?
asked 5 hours ago