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Icatior eBook Calculator Fair Value Journal Entries, Available for Sale investments Storm, Inc. purchased the following...
Fair Value Journal Entries, Trading Investments Storm, Inc. purchased the following trading securities during 2049, its...
Fair Value Journal Entries, Trading Investments Storm, Inc. purchased the following trading securities during 2049, its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,900 $81,700 Gale Co. 850 68,000 Whirlwind Co. 2,850 114,000 Total $263,700 The market price per share for the trading security portfolio on December 31, 2049, was as follows: Market Price per Share, Dec. 31, 2019 Dust Devil, Inc. $40 Gale Co. 75 Whirlwind Co. 42 a. Provide the journal entry to...
46. Storm, Inc. purchased the following available-for-sale securities during Year 1, its first year of operations: Na...
46. Storm, Inc. purchased the following available-for-sale securities during Year 1, its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,880 $80,840 Gale Co. 800 64,000 Whirlwind Co. 2,850 111,150 Total $255,990 The market price per share for the available-for-sale security portfolio on December 31, Year 1, was as follows: Market Price per Share, Dec. 31, Year 1 Dust Devil, Inc. $39 Gale Co. 75 Whirlwind Co. 41 Required: A. Provide the journal entry to adjust...
Fair Value Journal Entries, Available-for-Sale Investments Hurricane Inc. purchased a portfolio of available-for-sale securities in Year...
Fair Value Journal Entries, Available-for-Sale Investments Hurricane Inc. purchased a portfolio of available-for-sale securities in Year 1, its first year of operations. The cost and fair value of this portfolio on December 31, Year 1, was as follows: Name Number of Shares Total Cost Total Fair Value Tornado Inc. 1,250 $16,750 $18,590 Tsunami Corp. 700 22,960 25,030 Typhoon Corp. 200 6,400 6,080 Total $46,110 $49,700 On June 12, Year 2, Hurricane purchased 600 shares of Rogue Wave Inc. at $32...
Calculator Fair Value Journal Entries, Trading Investments Last Unguaranteed Financial Inc. purchased the following trading securities...
Calculator Fair Value Journal Entries, Trading Investments Last Unguaranteed Financial Inc. purchased the following trading securities during Year 1, its first year of operations: Number of Shares Cost Name Arden Enterprises Inc. 4,300 $87,720 French Broad Industries Inc. 1,100 16,830 Pisgah Construction Inc. 900 20,700 $125,250 Total The market price per share for the trading security portfolio on December 31, Year 1 was as follows: Market Price per Share Dec. 31, Year 1 $26 Arden Enterprises Inc. French Broad Industries...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single investment: 13,200 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $10 per share including brokerage commission. These shares were classified as available for sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $7 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to...
Fair Value Journal Entries, Trading Investments Last Unguaranteed Financial Inc. purchased the following trading securities during...
Fair Value Journal Entries, Trading Investments
Last Unguaranteed Financial Inc. purchased the following trading
securities during Year 1, its first year of operations:
Name
Number of Shares
Cost
Arden Enterprises Inc.
3,500
$73,150
French Broad Industries Inc.
1,300
20,800
Pisgah Construction Inc.
800
20,000
Total
$113,950
The market price per share for the trading security portfolio on
December 31, Year 1 was as follows:
Market Price per Share
Dec. 31, Year 1
Arden Enterprises Inc.
$26.5
French Broad Industries Inc....
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single...
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single investment 5400,000 of Bengals Inc. 5 bonds purchased at 100 on January 1, 2017. These bonds were classified as available for sale securities. As of the December 31, 2017, balance sheet date, the fair value of the bonds declined to $392,800. a. Journalize the entries to acquire the investment on January 1, 2017, and record the adjustment to fair value on December 31, 2017....
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,600...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,600 shares of Bengals Inc. common stock purchased on September 12, 20Y7, for $10 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 20Y7, balance sheet date, the share price declined to $8 per share. a. Journalize the entries to acquire the investment on September 12, and record the adjustment to fair value on December 31, 20Y7....
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $9 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 10,000...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 10,000 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $13 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $10 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
Fair Value Journal Entries, Trading Investments Storm, Inc. purchased the following trading securities during 2049, its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,900 $81,700 Gale Co. 850 68,000 Whirlwind Co. 2,850 114,000 Total $263,700 The market price per share for the trading security portfolio on December 31, 2049, was as follows: Market Price per Share, Dec. 31, 2019 Dust Devil, Inc. $40 Gale Co. 75 Whirlwind Co. 42 a. Provide the journal entry to...
Calculator Fair Value Journal Entries, Trading Investments Last Unguaranteed Financial Inc. purchased the following trading securities during Year 1, its first year of operations: Number of Shares Cost Name Arden Enterprises Inc. 4,300 $87,720 French Broad Industries Inc. 1,100 16,830 Pisgah Construction Inc. 900 20,700 $125,250 Total The market price per share for the trading security portfolio on December 31, Year 1 was as follows: Market Price per Share Dec. 31, Year 1 $26 Arden Enterprises Inc. French Broad Industries...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single investment: 13,200 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $10 per share including brokerage commission. These shares were classified as available for sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $7 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to...
Fair Value Journal Entries, Trading Investments
Last Unguaranteed Financial Inc. purchased the following trading
securities during Year 1, its first year of operations:
Name
Number of Shares
Cost
Arden Enterprises Inc.
3,500
$73,150
French Broad Industries Inc.
1,300
20,800
Pisgah Construction Inc.
800
20,000
Total
$113,950
The market price per share for the trading security portfolio on
December 31, Year 1 was as follows:
Market Price per Share
Dec. 31, Year 1
Arden Enterprises Inc.
$26.5
French Broad Industries Inc....
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single investment 5400,000 of Bengals Inc. 5 bonds purchased at 100 on January 1, 2017. These bonds were classified as available for sale securities. As of the December 31, 2017, balance sheet date, the fair value of the bonds declined to $392,800. a. Journalize the entries to acquire the investment on January 1, 2017, and record the adjustment to fair value on December 31, 2017....
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $9 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
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