Explain answer. Bouton's Corporation reported that short-term investments in debt securities consisted of the following (in millions) Amortized Cost Fair Value December 31, 2016...
Explain answer.
|
Bouton's Corporation reported that short-term investments in debt securities consisted of the following (in millions)
Which of the following is true? |
|||||||||||||||||
|
Bouton's 2016 balance sheet includes short-term investments of $767.7 million. |
|||||||||||||||||
|
Unrealized losses of $14.9 million on trading securities are included in 2016 income. |
|||||||||||||||||
|
There are no net unrealized gains on available-for-sale securities. |
|||||||||||||||||
|
Accumulated other comprehensive income included no unrealized gains or losses. |
|||||||||||||||||
|
None of the above |
|||||||||||||||||
Homework Answers
Add Answer to:
Explain answer. Bouton's Corporation reported that short-term investments in debt securities consisted of the following (in millions) Amortized Cost Fair Value December 31, 2016...
Interpreting Footnotes on Security Investments Cisco Systems Inc. reports the following information derived from its 2016...
Interpreting Footnotes on Security Investments Cisco Systems Inc. reports the following information derived from its 2016 10-K report. (Note: Cisco’s 2016 disclosures are consistent with the former accounting rules for marketable equity securities. See the Accounting Insight box on page 9-6 in the textbook.) Accumulated Common Stock Other Total Cisco's Shares of and Additional Retained Comprehensive Shareholders' Noncontrolling $ millions Common Stock Paid in Capital Earnings Income (Loss) Equity Interests Total Equity Balance at July 25, 2015 5,085 $43,592 $16,045...
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...
Need help in analysis the below Debt Investment paragraph. DEBT INVESTMENTS We consider all highly liquid...
Need help in analysis the below Debt Investment paragraph. DEBT INVESTMENTS We consider all highly liquid debt investments with original maturities from the date of purchase of three months or less as cash equivalents. Cash equivalents can include investments such as corporate debt, financial institution instruments, government debt,and reverse repurchase agreements.Marketable debt investments are generally designated as trading assets when a market risk is economically hedged at inception with a related derivative instrument, or when the marketable debt investment itself...
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...
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...
Question #2 The following are the cost and fair value for a debt investment (Available to...
Question #2 The following are the cost and fair value for a debt investment (Available to December 31, 2020. of investment Available for Sale) on Fair Value Debt Investment - Available for Sale Cost 10,000,000 $ $ 9,000,000 Assume the company had Net Income of $620,000 at the end of 2020 Required: 1) Calculate the Unrealized Holding Gains and Losses. 2) Does the Unrealized Holding Gains and Losses affect the Income Statement or Balance Sheet 3) Prepare the journal entry...
Knowledge Check 01 Match each classification of debt investments with the treatment of unrealized holding gains...
Knowledge Check 01 Match each classification of debt investments with the treatment of unrealized holding gains and losses by using the pull-down menus. 1. Available-for-sale 2. Held-to-maturity (fair value option not elected) 3. Trading Securities Not recognized Recognized in net income Recognized in other comprehensive income
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its...
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value Trading Securities: Security A Security B $ 935,000 140,000 2$ 948,500 134,300 Totals $1,075,000 $1,082,800 Securities Available-for-Sale: Security c Security D 2$ 735,000 811,500 951,400 935,000 Totals $1,670,000 $1,762,900 Securities to Be Held-to-Maturity: Security E Security F $525,000 650,000 535,700 644,300 Totals $1,175,000 $1,180,000 No investments were sold during 2021. All securities except Security D and...
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its...
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value $ 915,000 120,000 $1,035,000 $ 926,500 114,700 $1,041,200 Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Securities to Be Held-to-Maturity: Security E Security F Totals $ 715,000 915,000 $1,630,000 $ 793,500 930, 600 $1,724,100 $ 505,000 630,000 $1,135,000 $ 515,400 624,700 $1,140,100 No investments were sold during 2021. All securities...
Fair Value Measurements The fair values of our financial assets and liabilities as of December 26,...
Fair Value Measurements The fair values of our financial assets and liabilities as of December 26, 2015 and December 27, 2014 are categorized as follows: 2015 2014 Assets(a) Liabilities(a) Assets(a) Liabilities(a) Available-for-sale securities: Equity securities (b) $ 127 $ - $ 124 $ Debt securities (c) 7,231 - 3,167 $ 7,358 $ - $ 3,291 $ Short-term investments (d) $ 193 $ - $ 197 $ - Prepaid forward contracts (e) $ 27 $ - $ 26 $ Deferred compensation...
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...
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...
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...
Question #2 The following are the cost and fair value for a debt investment (Available to December 31, 2020. of investment Available for Sale) on Fair Value Debt Investment - Available for Sale Cost 10,000,000 $ $ 9,000,000 Assume the company had Net Income of $620,000 at the end of 2020 Required: 1) Calculate the Unrealized Holding Gains and Losses. 2) Does the Unrealized Holding Gains and Losses affect the Income Statement or Balance Sheet 3) Prepare the journal entry...
Knowledge Check 01 Match each classification of debt investments with the treatment of unrealized holding gains and losses by using the pull-down menus. 1. Available-for-sale 2. Held-to-maturity (fair value option not elected) 3. Trading Securities Not recognized Recognized in net income Recognized in other comprehensive income
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value Trading Securities: Security A Security B $ 935,000 140,000 2$ 948,500 134,300 Totals $1,075,000 $1,082,800 Securities Available-for-Sale: Security c Security D 2$ 735,000 811,500 951,400 935,000 Totals $1,670,000 $1,762,900 Securities to Be Held-to-Maturity: Security E Security F $525,000 650,000 535,700 644,300 Totals $1,175,000 $1,180,000 No investments were sold during 2021. All securities except Security D and...
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value $ 915,000 120,000 $1,035,000 $ 926,500 114,700 $1,041,200 Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Securities to Be Held-to-Maturity: Security E Security F Totals $ 715,000 915,000 $1,630,000 $ 793,500 930, 600 $1,724,100 $ 505,000 630,000 $1,135,000 $ 515,400 624,700 $1,140,100 No investments were sold during 2021. All securities...
Fair Value Measurements The fair values of our financial assets and liabilities as of December 26, 2015 and December 27, 2014 are categorized as follows: 2015 2014 Assets(a) Liabilities(a) Assets(a) Liabilities(a) Available-for-sale securities: Equity securities (b) $ 127 $ - $ 124 $ Debt securities (c) 7,231 - 3,167 $ 7,358 $ - $ 3,291 $ Short-term investments (d) $ 193 $ - $ 197 $ - Prepaid forward contracts (e) $ 27 $ - $ 26 $ Deferred compensation...
Most questions answered within 3 hours.
-
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 43 minutes ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 58 minutes ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 1 hour ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 1 hour ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 1 hour ago -
Why are polymers not typically casted into products?
asked 1 hour ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 1 hour ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 1 hour ago -
1.
You need to prepare 10.0 liters of an acid aqueous solution with a
pH of...
asked 1 hour ago -
Along an aggregate supply curve, if the level of output is less
than the natural level...
asked 1 hour ago -
By 2025, annual consumption in emerging markets will total $30
trillion and contribute more than ________...
asked 1 hour ago -
At what point does reformation cease to be a viable option for
those who are oppressed...
asked 1 hour ago