Hashmi Companys investments in available-for-sale securities at December 31 show total cost of $195,000 and total fair
Question:
Hashmi Company’s investments in available-for-sale securities at December 31 show total cost of $195,000 and total fair value of $205,000. Prepare the adjusting entry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The entry is Market ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Hashmi Company's investments in non-trading securities at December 31 show total cost of $195,000 and total fair value of $205,000. Prepare the adjusting entry.
-
What is the length of a 200 ft. steel tape having a cross-sectional area of 0.006in2 and a modulus of elasticity of 30,000,000 lb/in2 that is standardized at a tension of 25 lb and a temperature of...
-
For each of the following situations, prepare the adjusting entry for the month ended February 28 and indicate the effect each adjustment would have on net income: A. On February Doan Company...
-
A buyer's guide is an example of OA) a Life Insurance Illustration Questionnaire O B) a Replacement Questionnaire OC) a required disclosure document OD) a Variable Life Insurance Illustration...
-
Every year since 1998, Arbitron and Edison Research have conducted a nationally representative survey focusing on trends in digital platforms. According to their publication The Infinite Dial, in...
-
Business Week recently reported that L. G. Philips LCD Co. would complete a new factory in Paju, South Korea. It will be the world's largest maker of liquid-crystal display panels. The arrival of the...
-
In order to determine how risky a particular company is that you are auditing, you prepare these five ratios along with the same ratios of this company's peers: What are your thoughts about the risk...
-
The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: Direct materials: 10 lb. at $ 4.50 per lb....
-
. Planning for Next year Sales Your team was called into a meeting with Mark and Jack about planning for next year's sales. The company had historically used little planning for investment nee...
-
Reconsider Eddie's Bicycle Shop described in the preceding problem. Forty percent of the bicycles require only a minor repair. The repair time for these bicycles has a uniform distribution between...
-
Using the data in question 13, how would Tina report the data if the investment were long-term and the securities were classified as available-for-sale?
-
Using the data in question 15, prepare the adjusting entry assuming the securities are classified as trading securities.
-
Give an example of a scale that would be reliable but not valid. Also give an example of a scale that would be reliable but not valid. Also give an example of a scale that would be valid but not...
-
How do emerging trends in cloud computing, edge computing, and hybrid infrastructure architectures impact the design and implementation of backup and recovery solutions, reshaping traditional...
-
How do advanced backup and recovery strategies transcend traditional notions of data protection, encompassing holistic approaches to disaster resilience, business continuity planning, and regulatory...
-
How do you ensure compliance with regulatory requirements and industry standards related to data integrity, including the implementation of data governance frameworks and data quality assurance...
-
How do you ensure data integrity in federated and distributed databases, including the implementation of consensus protocols or Byzantine fault-tolerant algorithms to reach agreement on the...
-
How do you ensure the fairness and transparency of data mining models, particularly in sensitive domains such as finance or healthcare, including the application of fairness-aware algorithms and bias...
-
: A bar of \(20 \mathrm{~mm}\) diameter is subjected to a pull of \(20 \mathrm{kN}\). The measured extension over a gauge length of \(200 \mathrm{~mm}\) is \(0.1 \mathrm{~mm}\) and the change in...
-
Ex. (17): the vector field F = x i-zj + yz k is defined over the volume of the cuboid given by 0x a,0 y b, 0zc, enclosing the surface S. Evaluate the surface integral ff, F. ds?
-
Use any method to find the volume of the solid obtained by rotating the region enclosed by the curves about the given axis. y = x 2 + 2, y = x + 4, x-axis
-
Dolby Ukes makes various types of ukeleles. The company is divided into a number of autonomous divisions that can either sell to internal units or sell externally. All divisions are located in...
-
Dolby Ukes makes various types of ukeleles. The company is divided into a number of autonomous divisions that can either sell to internal units or sell externally. All divisions are located in...
-
Innovative Systems (IS) is a division of Global Electronics, Inc. IS produces videogame systems. These systems are sold to retailers. IS recently approached the manager of the Laptop Computer...
-
TRUE OR FALSE. ________1.For so long as profit levels are high, no external borrowing will be required. ________2. Risks considerations suggest the acquisition of more current assets, but return...
-
Exam # 02 - Chapters 5, 6, 2 28 points eBook Ask Mc TB MC Qu. 06-01 Which one of the following statements... Which one of the following statements correctly defines a time value of money...
-
As of November 2022, the further into the future is the expiration of an S&P 500 futures contract, the higher it will be relative to the current value of the S&P Index. Is this statement true or...
Study smarter with the SolutionInn App