Cost and fair value data for the trading debt securities of Wildhorse Company at December 31,...
Cost and fair value data for the trading debt securities of Wildhorse Company at December 31, 2019, are $63,550 and $59,350, respectively
a) Show the financial statement presentation of the trading securities. (partial balance sheet)
b) Show the financial statement presentation of the related accounts. (income statement)
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Cost and fair value data for the trading debt securities of
Wildhorse Company at December 31,...
Brief Exercise H-5 Cost and fair value data for the trading debt securities of Crane Company...
Brief Exercise H-5 Cost and fair value data for the trading debt securities of Crane Company at December 31, 2019, are $65,230 and $55,190, respectively. Show the financial statement presentation of the trading securities. Crane Company (Partial Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT Show the financial statement presentation of the related accounts. Crane Company Income Statement Click if you would like to Show Work for this question: Open Show Work
At December 31, 2020, the trading debt securities for Storrer, E16.10 (LO 3) Financial Statement Inc....
At December 31, 2020, the trading debt securities for Storrer, E16.10 (LO 3) Financial Statement Inc. are as follows. Prepare adjo fair value, a presentation Exc Security A B С Cost $17,500 12,500 23,000 $53,000 Fair Value $16,000 14,000 21,000 $51.000 Instructions a. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. 1. Show the balance sheet and income statement presentation at December 31, 2020, after adjustment to fair value.
Exercise 16-12 a-b (Video) Sheridan Company has the following data at December 31, 2020. Securities Trading...
Exercise 16-12 a-b (Video) Sheridan Company has the following data at December 31, 2020. Securities Trading Available-for-sale Cost $121,500 101,100 Fair Value $125,000 93,800 The available-for-sale securities are held as a long-term investment. Your answer is correct. Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit acc entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (1) Fair Value Adjustment-Trading...
At Decrmber 31, 2014, the trading securities are as follows. Security Cost Fair Value A &nbs
At Decrmber 31, 2014, the trading securities are as follows. Security Cost Fair Value A $17400 $15900 B 12700 14300 C 23200 19100 53300 49300 Show the balance sheet and income statement presentation at December 32, 2014, after adjustment of fair value.
Brief Exercise H-4 Cost and fair value data for the trading debt securities of Blossom Company...
Brief Exercise H-4 Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2019, are $64,830 and $57,530, respectively. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill,...
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill, Inc. are as follows. Security Cost Fair Value $16,300 13,800 $17,100 12,800 22,600 $52,500 $49.000 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom,...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom, Inc. are as follows. Security Cost $17,000 12,000 22,500 $51.500 Fair Value $15,500 13,500 18,500 $47.500 Your answer is partially correct. Try again Prepare the adjusting entry of December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il ne entry is require select "Moetry for the account titles and...
Sheridan Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $121,500...
Sheridan Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $121,500 $125,000 Available-for-sale 101,100 93,800 The available-for-sale securities are held as a long-term investment. Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value.
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020....
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
E17-9 (L01) (Available-for-Sale Debt Securities Entries and Financial Statement Presentation) At December 31, 2017, the available-for-sale...
E17-9 (L01) (Available-for-Sale Debt Securities Entries and Financial Statement Presentation) At December 31, 2017, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) $17,500 $15,000 152,500) 12,500 14,000 1,500 23,000 25,500 2,500 Total $53,000 $54,500 Previous fair value adjustment balance-Dr. Fair value adjustment--Dr. On January 20, 2018, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are not of brokerage fees Instructions (a) Prepare the adjusting entry at December...
Brief Exercise H-5 Cost and fair value data for the trading debt securities of Crane Company at December 31, 2019, are $65,230 and $55,190, respectively. Show the financial statement presentation of the trading securities. Crane Company (Partial Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT Show the financial statement presentation of the related accounts. Crane Company Income Statement Click if you would like to Show Work for this question: Open Show Work
At December 31, 2020, the trading debt securities for Storrer, E16.10 (LO 3) Financial Statement Inc. are as follows. Prepare adjo fair value, a presentation Exc Security A B С Cost $17,500 12,500 23,000 $53,000 Fair Value $16,000 14,000 21,000 $51.000 Instructions a. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. 1. Show the balance sheet and income statement presentation at December 31, 2020, after adjustment to fair value.
Exercise 16-12 a-b (Video) Sheridan Company has the following data at December 31, 2020. Securities Trading Available-for-sale Cost $121,500 101,100 Fair Value $125,000 93,800 The available-for-sale securities are held as a long-term investment. Your answer is correct. Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit acc entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (1) Fair Value Adjustment-Trading...
Brief Exercise H-4 Cost and fair value data for the trading debt securities of Blossom Company at December 31, 2019, are $64,830 and $57,530, respectively. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work
12:19 PM Sun Feb 9 C16 #2 At December 31, 2020, the trading securities for Sandhill, Inc. are as follows. Security Cost Fair Value $16,300 13,800 $17,100 12,800 22,600 $52,500 $49.000 Your answer is partially correct. Try again. Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and...
Exercise 16-10 a-b (Part Level Submission) (Video) At December 31, 2020, the trading securities for Blossom, Inc. are as follows. Security Cost $17,000 12,000 22,500 $51.500 Fair Value $15,500 13,500 18,500 $47.500 Your answer is partially correct. Try again Prepare the adjusting entry of December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il ne entry is require select "Moetry for the account titles and...
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
E17-9 (L01) (Available-for-Sale Debt Securities Entries and Financial Statement Presentation) At December 31, 2017, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) $17,500 $15,000 152,500) 12,500 14,000 1,500 23,000 25,500 2,500 Total $53,000 $54,500 Previous fair value adjustment balance-Dr. Fair value adjustment--Dr. On January 20, 2018, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are not of brokerage fees Instructions (a) Prepare the adjusting entry at December...
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