Business, 10.12.2019 01:31, paulawells11
On march 25, 2021, phillips corporation purchased bonds of atlas corporation for $132 million and classified the securities as trading securities. on december 31, 2021, these bonds were valued at $150 million. three months later, on april 3, 2022, phillips corporation sold these bonds for $140 million. as part of the multi-step approach to record the 2019 transaction, phillips corporation should first update the fair value adjustment by recording:
multiple choice
an unrealized holding gain of $28 million in 2019.
a unrealized holding loss of $10 million in 2019.
an unrealized holding gain of $8 million in 2019.
a gain of $8 million in 2019.
Answers: 3
Business, 21.06.2019 19:40, muhammadcorley123456
Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.
Answers: 3
Business, 22.06.2019 16:20, ashleyprescot05
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
On march 25, 2021, phillips corporation purchased bonds of atlas corporation for $132 million and cl...
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