January 1, 2018, smith co. purchased common stock of north company for $500,000. north company has common stock outstanding of $10 million. smith owns 5% of the outstanding stock of north. on december 31, 2018, the investment in north company has a fair value of $505,000. what should smith co. record on december 31, 2018?
a. credit unrealized holding gain-oci $5,000
b. credit fair value adjustment $5,000
c. debit unrealized holding loss-net income $5,000
d. credit unrealized holding gain-net income $5,000
e. debit fair value adjustment $5,000
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 21:20, nonispn606
20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units
Answers: 1
Business, 22.06.2019 17:00, kiahbryant12
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
Business, 22.06.2019 17:20, andrespeerman
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
Business, 22.06.2019 17:30, gabedafame26
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
Do you know the correct answer?
January 1, 2018, smith co. purchased common stock of north company for $500,000. north company has c...
Questions in other subjects:
Biology, 19.08.2019 05:30
Social Studies, 19.08.2019 05:30
History, 19.08.2019 05:30
Mathematics, 19.08.2019 05:30
Mathematics, 19.08.2019 05:30
