Business
Business, 07.06.2020 02:02, kashishmehta917

Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value
Company A bonds $535,300 $490,000
Company B notes 159,380 154,000
Company C bonds 662,750 640,940

Stoll enters into the following transactions involving its available-for-sale debt securities this year.

Jan. 29 Sold one-half of the Company B notes for $78,820.
July 6 Purchased bonds of Company X for $122,100.
Nov. 13 Purchased notes of Company Z for $267,300.
Dec. 9 Sold all of the bonds of Company A for $524,800.

The fair values at December 31 are B, $82,300; C, $603,800; X, $120,000; and Z, $276,000.

Required:
What amount of gains or losses on transactions relating to long-term investments in available-for-sale debt securities does Stoll report on its income statement for this year?

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, Rocket3138
If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.
Answers: 2
image
Business, 22.06.2019 08:00, shatj960
Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.
Answers: 1
image
Business, 22.06.2019 12:30, badgirl2005
Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.
Answers: 2
image
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
Answers: 1
Do you know the correct answer?
Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the followi...

Questions in other subjects:

Konu
Mathematics, 16.07.2019 05:30
Konu
Mathematics, 16.07.2019 05:30