Business
Business, 18.03.2020 03:47, jacquicmoreland2106

At December 31, Hull Corp. had the following debt securities that were purchased during the year, its first year of operations:

In Current Assets:
Security A:
Cost 90,000; Fair Value 60,000; Unrealized gain (loss) (30,000).
Security B:
Cost 15,000; Fair Value 20,000; Unrealized gain (loss) 5,000.
Totals:
Cost 105,000; Fair Value 80,000; Unrealized gain (loss) (25,000).

In Noncurrent Assets:
Security Y:
Cost 70,000; Fair Value 80,000; Unrealized gain (loss) 10,000.
Security Z:
Cost 90,000; Fair Value 45,000; Unrealized gain (loss) (45,000).
Totals:
Cost 160,000; Fair Value 125,000; Unrealized gain (loss) (35,000).

All changes in fair value are considered temporary. Security A is a trading security, and the other securities are available-for-sale securities. What amounts should be charged to earnings and other comprehensive income at December 31?
Earnings; OCI
a. $(25,000); $0
b. $(60,000); $0
c. $(25,000); $(30,000)
d. $(30,000); $(30,000)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:40, stephanie37766
Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e. g. 12.25.)
Answers: 2
image
Business, 21.06.2019 23:30, zoseta
Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below
Answers: 1
image
Business, 22.06.2019 00:00, adayisenga
Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
image
Business, 22.06.2019 05:00, and7393
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
Do you know the correct answer?
At December 31, Hull Corp. had the following debt securities that were purchased during the year, it...

Questions in other subjects:

Konu
Health, 20.04.2021 22:50