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Ayayai Corp. has the following securities (all purchased in 2020) in its investment portfolio on December...
Bonita Company has the following securities in its investment portfolio on December 31, 2020 (all securities...
Bonita Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 3,100 shares of Anderson Co. common stock which cost $58,900, (2) 9,800 shares of Munter Ltd. common stock which cost $548,800, and (3) 5,700 shares of King Company preferred stock which cost $233,700. The Fair Value Adjustment account shows a credit of $10,200 at the end of 2020. In 2021, Bonita completed the following securities transactions. 1. On January...
Larkspur Company has the following securities in its investment portfolio on December 31, 2020 (all securities...
Larkspur Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 2,800 shares of Anderson Co. common stock which cost $53,200, (2) 10,700 shares of Munter Ltd. common stock which cost $599,200, and (3) 6,000 shares of King Company preferred stock which cost $258,000. The Fair Value Adjustment account shows a credit of $10,100 at the end of 2020. In 2021, Larkspur completed the following securities transactions. 1. On January...
Problem 9-4 Sheffield Corp. has the following securities (all purchased in 2017) in its investment portfolio...
Problem 9-4 Sheffield Corp. has the following securities (all purchased in 2017) in its investment portfolio on December 31, 2017: 2,600 Anderson Corp. common shares, which cost $49,660; 10,000 Munter Ltd. common shares, which cost $646,000; and 6,700 King Corp. preferred shares, which cost $278,720. Their fair values at the end of 2017 were as follows: Anderson Corp. $49,680; Munter Ltd. $635,150; and King Corp. $278,070 In 2018, Sheffield completed the following transactions: 1. 2. On January 15, sold 2,600...
MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT Problem 9-4 Swifty Corp, has the following...
MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT Problem 9-4 Swifty Corp, has the following securities (all purchased in 2020) in its investment portfolio on December 31, 2020: 2,570 Anderson Corp. common shares, which cost $48,650; 11,100 Munter Ltd, common shares, which cost $580,300; and 6,340 King Corp. preferred shares, which cost $255,200. Their fair values at the end of 2020 were as follows: Anderson Corp. $50,580; Munter Ltd. $569,400; and King Corp. $254,900. In 2021, Swifty completed the...
Problem 17-5 Crane Company has the following securities in its investment portfolio on December 31, 2017...
Problem 17-5
Crane Company has the following securities in its investment
portfolio on December 31, 2017 (all securities were purchased in
2017): (1) 3,100 shares of Anderson Co. common stock which cost
$58,900, (2) 9,900 shares of Munter Ltd. common stock which cost
$564,300, and (3) 5,600 shares of King Company preferred stock
which cost $229,600. The Fair Value Adjustment account shows a
credit of $10,500 at the end of 2017.
In 2018, Crane completed the following securities
transactions.
1....
Problem 17-5 Pronghorn Company has the following securities in its investment portfolio on December 31, 2017...
Problem 17-5 Pronghorn Company has the following securities in its investment portfolio on December 31, 2017 (all securities were purchased in 2017): (1) 3,100 shares of Anderson Co. common stock which cost $62,000, (2) 10,000 shares of Munter Ltd. common stock which cost $570,000, and (3) 6,600 shares of King Company preferred stock which cost $283,800. The Fair Value Adjustment account shows a credit of $10,800 at the end of 2017. In 2018, Pronghorn completed the following securities transactions. 1....
Pearl Company has the following portfolio of investment securities at September 30, 2020, its most recent...
Pearl Company has the following portfolio of investment
securities at September 30, 2020, its most recent reporting date.
Investment Securities Cost Fair Value Horton, Inc. common (4,800
shares) $206,400 $190,060 Monty, Inc. preferred (3,430 shares)
126,910 133,740 Oakwood Corp. common (1,020 shares) 179,520 178,470
On October 10, 2020, the Horton shares were sold at a price of $54
per share. In addition, 3,090 shares of Patriot common stock were
acquired at $56 per share on November 2, 2020. The December...
Sunland Company has the following securities in its portfolio on December 31, 2020. None of these...
Sunland Company has the following securities in its portfolio on
December 31, 2020. None of these investments are accounted for
under the equity method.
Investments
Cost
Fair Value
1,500 shares of Gordon, Inc., Common
$79,600
$74,700
5,000 shares of Wallace Corp., Common
170,900
165,800
400 shares of Martin, Inc., Preferred
65,800
67,200
$316,300
$307,700
All of the securities were purchased in 2020.
In 2021, Sunland completed the following securities
transactions.
March 1
Sold the 1,500 shares of Gordon, Inc., Common,...
Marigold Company has the following securities in its portfolio on December 31, 2020. None of these...
Marigold Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments Cost Fair Value 1,500 shares of Gordon, Inc., Common $69,700 $65,500 5,000 shares of Wallace Corp., Common 193,400 188,300 400 shares of Martin, Inc., Preferred 60,300 61,800 $323,400 $315,600 All of the securities were purchased in 2020. In 2021, Marigold completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common,...
Blue Company has the following securities in its portfolio on December 31, 2020. None of these...
Blue Company has the following securities in its portfolio on December 31, 2020. None of these investments are accounted for under the equity method. Investments Cost Fair Value 1,500 shares of Gordon, Inc., Common $76,900 $72,500 5,000 shares of Wallace Corp., Common 195,800 190,400 400 shares of Martin, Inc., Preferred 61,700 63,500 $334,400 $326,400 All of the securities were purchased in 2020. In 2021, Blue completed the following securities transactions. March 1 Sold the 1,500 shares of Gordon, Inc., Common,...
Problem 9-4 Sheffield Corp. has the following securities (all purchased in 2017) in its investment portfolio on December 31, 2017: 2,600 Anderson Corp. common shares, which cost $49,660; 10,000 Munter Ltd. common shares, which cost $646,000; and 6,700 King Corp. preferred shares, which cost $278,720. Their fair values at the end of 2017 were as follows: Anderson Corp. $49,680; Munter Ltd. $635,150; and King Corp. $278,070 In 2018, Sheffield completed the following transactions: 1. 2. On January 15, sold 2,600...
MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT Problem 9-4 Swifty Corp, has the following securities (all purchased in 2020) in its investment portfolio on December 31, 2020: 2,570 Anderson Corp. common shares, which cost $48,650; 11,100 Munter Ltd, common shares, which cost $580,300; and 6,340 King Corp. preferred shares, which cost $255,200. Their fair values at the end of 2020 were as follows: Anderson Corp. $50,580; Munter Ltd. $569,400; and King Corp. $254,900. In 2021, Swifty completed the...
Problem 17-5
Crane Company has the following securities in its investment
portfolio on December 31, 2017 (all securities were purchased in
2017): (1) 3,100 shares of Anderson Co. common stock which cost
$58,900, (2) 9,900 shares of Munter Ltd. common stock which cost
$564,300, and (3) 5,600 shares of King Company preferred stock
which cost $229,600. The Fair Value Adjustment account shows a
credit of $10,500 at the end of 2017.
In 2018, Crane completed the following securities
transactions.
1....
Problem 17-5 Pronghorn Company has the following securities in its investment portfolio on December 31, 2017 (all securities were purchased in 2017): (1) 3,100 shares of Anderson Co. common stock which cost $62,000, (2) 10,000 shares of Munter Ltd. common stock which cost $570,000, and (3) 6,600 shares of King Company preferred stock which cost $283,800. The Fair Value Adjustment account shows a credit of $10,800 at the end of 2017. In 2018, Pronghorn completed the following securities transactions. 1....
Pearl Company has the following portfolio of investment
securities at September 30, 2020, its most recent reporting date.
Investment Securities Cost Fair Value Horton, Inc. common (4,800
shares) $206,400 $190,060 Monty, Inc. preferred (3,430 shares)
126,910 133,740 Oakwood Corp. common (1,020 shares) 179,520 178,470
On October 10, 2020, the Horton shares were sold at a price of $54
per share. In addition, 3,090 shares of Patriot common stock were
acquired at $56 per share on November 2, 2020. The December...
Sunland Company has the following securities in its portfolio on
December 31, 2020. None of these investments are accounted for
under the equity method.
Investments
Cost
Fair Value
1,500 shares of Gordon, Inc., Common
$79,600
$74,700
5,000 shares of Wallace Corp., Common
170,900
165,800
400 shares of Martin, Inc., Preferred
65,800
67,200
$316,300
$307,700
All of the securities were purchased in 2020.
In 2021, Sunland completed the following securities
transactions.
March 1
Sold the 1,500 shares of Gordon, Inc., Common,...
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