i cannot get the right answer for the unrealized gain at the end of year 2
i cannot get the right answer for the unrealized gain at the end of year 2
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i cannot get the right answer for the unrealized gain at the end of year 2
The right answer is displayed but I cannot get the right answer.. (b) The total assets...
The right answer is displayed but I cannot get the
right answer..
(b) The total assets of Splish Brothers Inc. are $59,000. Common stock account is $16,000: dividends are $8,000; revenues, $52.000; and expenses $31.500. What is the amount of the company's total liabilities? Total liabilities $ 30,500
Annual Report: Other Comprehensive Income (in millions) Year 1 Year 2 Year 3 Net unrealized gain...
Annual Report: Other Comprehensive Income (in millions) Year 1 Year 2 Year 3 Net unrealized gain (loss) on available-for-sale securities: Year 1: $(9,324) Year 2: $47,230 Year 3: $19,238 1. Explain why the net unrealized gain on available-for-sale securities was negative in Year 1. 2. Explain why the account balance became positive in Year 2 but then declined in Year 3. Are the changes in this account reported on company's income statement? on the company’s income statement? Would this account...
A company's activities for Year 2 included the following: Unrealized gain on available for sale debt...
A company's activities for Year 2 included the following: Unrealized gain on available for sale debt securities 9,600 Cost of goods sold 1,400,000 Prior service cost adjustment for defined benefit pension plan 195,000 Selling and administrative expense 600,000 Gain on sale of available for sale securities 16,000 Gain on disposal of a discontinued business segment 26,000 Sales returns 106,000 Gross sales 7,300,000 The company has a 30% effective income tax rate. What is the company's net income for Year 2?...
Need help with the partially correct problem! Your answer is correct. Determine the unrealized holding gain...
Need help with the partially correct problem!
Your answer is correct. Determine the unrealized holding gain or loss on the note. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses eg. (2,945).) Unrealized Holding Gain or Loss $ - 1800 e Textbook and Media Solution List of Accounts Your answer is partially correct. Prepare the entry to record any unrealized holdipg gain or loss. (If no entry is required, select "No Entry" for the account titles...
unrealized holding gain or loss Flounder Corporation has elected to use the fair value option for...
unrealized holding gain or loss
Flounder Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 10% and has a carrying value of $13,000. At year-end, Flounder's borrowing rate (credit risk) has declined; the fair value of the note payable is now $14,800. Determine the unrealized holding gain or loss on the note. (Enter loss using either a negative sign preceding the number eg.-2.945 or parentheses...
can someone please help with this managerial accounting practice problem i cannot get the right answer....
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
CHAPTER 7 ACCOUNTING -3RD ATTEMPT TO GET AN ANSWER TO THIS QUESTION. At December 31, year...
CHAPTER 7 ACCOUNTING -3RD ATTEMPT TO GET AN ANSWER TO THIS
QUESTION.
At December 31, year 1, Charter Holding Co. owned the following investments in capital stock of publicly traded companies (classified as available-for-sale securities). L Brands, Inc. (5,000 shares: cost, $44 per share; market value, $52) The Gap, Inc. (4,000 shares: cost, $42 per share; market value, $39) Cost $ 220,000 168,000 $ 388,000 Current Market Value $ 260,000 156,000 416,000 In year 2, Charter engaged in the following...
Please help, I cannot seem to get the right answer for the very last part of...
Please help, I cannot seem to get the right answer for the very last part of this. The question is part B at the very bottom of exercise. PRACTICE IT Use the worked example above to help you solve this problem. A block with mass of 5.77 kg is attached to a horizontal spring with spring constant k = 398 N/m, as shown in the figure. The surface the block rests upon is frictionless. The block is pulled out to...
Please help, I cannot figure out this question and I keep getting it wrong. This is...
Please help, I cannot figure out this question and I keep getting it wrong. This is for a test grade and I would really appreciate your help! Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations. Sales revenue $334910 Cost of goods sold 149030 Selling and administrative expenses 54000 Gain on sale of plant assets 32710 Unrealized gain on available-for-sale debt investments 9080 Interest expense 6360 Loss on discontinued...
I cannot find a formula to calculate this answer. I know how to get to the...
I cannot find a formula to calculate this answer. I know how to
get to the labor cost, but not the Overhead cost.
MC Qu. 182 A company's prime costs... A company's prime costs total $4,509,000 and its conversion costs total $5,510,000. If direct materials are $2,011,000, calculate the overhead costs: Multiple Cholce $2,498,000 $3.012.000. $1.001000 $2,011,000. $3,499,000.
The right answer is displayed but I cannot get the
right answer..
(b) The total assets of Splish Brothers Inc. are $59,000. Common stock account is $16,000: dividends are $8,000; revenues, $52.000; and expenses $31.500. What is the amount of the company's total liabilities? Total liabilities $ 30,500
Need help with the partially correct problem!
Your answer is correct. Determine the unrealized holding gain or loss on the note. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses eg. (2,945).) Unrealized Holding Gain or Loss $ - 1800 e Textbook and Media Solution List of Accounts Your answer is partially correct. Prepare the entry to record any unrealized holdipg gain or loss. (If no entry is required, select "No Entry" for the account titles...
unrealized holding gain or loss
Flounder Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 10% and has a carrying value of $13,000. At year-end, Flounder's borrowing rate (credit risk) has declined; the fair value of the note payable is now $14,800. Determine the unrealized holding gain or loss on the note. (Enter loss using either a negative sign preceding the number eg.-2.945 or parentheses...
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
CHAPTER 7 ACCOUNTING -3RD ATTEMPT TO GET AN ANSWER TO THIS
QUESTION.
At December 31, year 1, Charter Holding Co. owned the following investments in capital stock of publicly traded companies (classified as available-for-sale securities). L Brands, Inc. (5,000 shares: cost, $44 per share; market value, $52) The Gap, Inc. (4,000 shares: cost, $42 per share; market value, $39) Cost $ 220,000 168,000 $ 388,000 Current Market Value $ 260,000 156,000 416,000 In year 2, Charter engaged in the following...
Please help, I cannot figure out this question and I keep getting it wrong. This is for a test grade and I would really appreciate your help! Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations. Sales revenue $334910 Cost of goods sold 149030 Selling and administrative expenses 54000 Gain on sale of plant assets 32710 Unrealized gain on available-for-sale debt investments 9080 Interest expense 6360 Loss on discontinued...
I cannot find a formula to calculate this answer. I know how to
get to the labor cost, but not the Overhead cost.
MC Qu. 182 A company's prime costs... A company's prime costs total $4,509,000 and its conversion costs total $5,510,000. If direct materials are $2,011,000, calculate the overhead costs: Multiple Cholce $2,498,000 $3.012.000. $1.001000 $2,011,000. $3,499,000.
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