Kasznik Company began operations on January 2, 2019, and by year-end (December 31) had made the following investments in financial securities. Year-end information on these investments follows. Company Cost or End-of-Year Equity Basis (as appropriate) Year-End Fair Value Investment Classification Common stock of Barth, Inc. $68,000 $65,300 Fair value (Trading) Common stock of Foster, Inc. 162,500 160,000 Fair value (Trading) 30-Year US Treasury Bond 197,000 192,000 Available-for-sale 10-Year US Treasury Note 157,000 154,700 Available-for-sale Ertimur, Inc. 100,000 102,400 Equity method Soliman, Inc. 136,000 133,200 Equity method a. At what total amount are the trading investments reported at in the December 31, 2019, balance sheet?

Acme published a story about paul and as a result paul sued acme for damage to his reputation, emotional distress, and punitive damages. paul won an award of $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages. what amount must paul include in his gross income

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.