FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A long - term investment in available - for - sale securities was acquired at a cost of $35.000 At year - end. the fair

image text in transcribed
A long - term investment in available - for - sale securities was acquired at a cost of $35.000 At year - end. the fair value of the securities is $39, 250. The year - end adjusting entry requires a: credit Investment in Available-for-Sale Securities for $4.250 debit Unrealized Loss on investment in Available for - Sale Securities for $4 250. credit Allowance to Adjust investment in Available for - Sale Securities for $4 250. debit Allowance to Adjust investment in Available for - Sale Securities for $4 250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance

New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance

Authors: Mohammed Sakhawat Hossain

1st Edition

3639194454, 978-3639194456

More Books

Students also viewed these Accounting questions

Question

★★★★★
The estimated regression coefficients in Example 11-1 are b0 = 47.165, b1 = 1.599, and b2 = 1.149 (rounded to three decimal places). Explain the meaning of each of the three numbers in terms of the...

Answered: 1 week ago

Question

★★★★★
answer both questions with explanation Question no. 8 We consider the process {X(t), t > 0} defined by X(t) = e-Yt, for t > 0, where Y is a continuous random variable whose density function is fy...

Answered: 1 week ago

Question

★★★★★
Use the definition in Expression (3.13) to prove that . [Hint: With , where .]

Answered: 1 week ago

Question

★★★★★
What are the positive and negative aspects of HPs new sales force structure? Imagine this scenario: You need a new digital camera. Youre not sure which one to buy or even what features you need. So...

Answered: 1 week ago

Question

★★★★★
A long - term investment in available - for - sale securities was acquired at a cost of $35.000 At year - end. the fair value of the securities is $39, 250. The year - end adjusting entry requires a:...

Answered: 1 week ago

Question

★★★★★
As of December 31, 2018, Warner Corporation reported the following: Dividends payable 37,000 Treasury stock Paid-in capital-share repurchase Other paid-in capital accounts Retained earnings 770,000...

Answered: 1 week ago

Question

★★★★★
Feminist Ethics examines various systems and institutions to look at ways that they have unfairly distributed power. Choose TWO out of the following institutions and give and explain a way that each...

Answered: 1 week ago

Question

★★★★★
The following expression gives what polynomial? Where I is the identity matrix, A is given as, 11-3 A = [ 03 118] ] |sl-A| = ? B = = [2] C = [10] D = [0]

Answered: 1 week ago

Question

★★★★★
King, Ryan and Kenjie are owners in their individual business, after they reunite and discussing about their individual business they are thinking of combining it into one partnership on March 1,...

Answered: 1 week ago

Question

★★★★★
CoursHeroTranscribedText Problem 216: The partial derivatives are = r (ar + brs + cs) e s + s r and = as (dr + ers + fs) e s + sr where a = b = C= d = e = f =

Answered: 1 week ago

Question

★★★★★
Identify and list the functional components (aperture, receiver, storage, distribution, mechanism, and control mechanism) for each of these SECSspictured. SECS description Aperture Receiver Storage...

Answered: 1 week ago

Question

★★★★★
Compliant involvement: some identification with the organization, but behaviour is based on compliance. The organizational values are espoused but not owned;

Answered: 1 week ago

Question

★★★★★
Calculative involvement: based on exchange where the organization is seen as a means to an end. Employees will work spontaneously and cooperatively if this is seen as benefiting them directly, but...

Answered: 1 week ago

Question

★★★★★
Alienative involvement: a negative set of attitudes that reject the organizational values. Membership continues because of lack of alternatives. Effort is minimal.

Answered: 1 week ago

Previous Question Next Question