Business, 29.03.2021 20:40, adrianaa52

Surface Company purchased 1,000 bonds of Slick Company in 2018 for $830 per bond and classified the investment as securities available-for-sale. The value of these holdings was $256 per bond on December 31, 2019, and $412 per bond on December 31, 2020. During 2021, Surface sold all of its Slick bonds at $370 per bond. In its 2021 income statement, Surface would report: Multiple Choice A trading gain of $42,000 and an unrealized holding loss of $370,000. A recognition of unrealized holding losses of $256,000. A loss on the sale of investments of $460,000.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:10, DroctorWellsfan

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

Answers: 2

continue

Business, 21.06.2019 23:30, Mikec123

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Answers: 3

continue

Business, 22.06.2019 19:40, ashley4329

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer

Answers: 2

continue

Business, 22.06.2019 20:20, Carloslogrono10

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste

Answers: 2

continue

Do you know the correct answer?

Surface Company purchased 1,000 bonds of Slick Company in 2018 for $830 per bond and classified the...