{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T00:16:21-04:00", "answer_date": "2024-05-27 00:16:21", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1768638", "url": "\/study-help\/questions\/adjust-fva-at-sale-and-yearend-on-november-1-of-1768638", "question_creation_date_js": "2024-05-27T00:16:21-04:00", "question_creation_date": "May 27, 2024 12:16 AM", "meta_title": "[Solved] Adjust FVA at Sale and Year-End On Novemb | SolutionInn", "meta_description": "Answer of - Adjust FVA at Sale and Year-End On November 1 of Year 1, Drucker Co. acquired the following investments in equity secu | SolutionInn", "meta_keywords": "adjust,fva,sale,year-end,november,1,year,drucker,acquired,investments,equity,securities", "question_title_h1": " Adjust FVA at Sale and Year-End On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measured at FV-NI.", "question_title": " Adjust FVA at Sale and Year-End On November 1 of Year", "question_title_for_js_snippet": "Adjust FVA at Sale and Year End On November 1 of Year 1, Drucker Co acquired the following investments in equity securities measured at FV NI Kelly Corporation 1,000 shares of common stock (no par) at $60 per share Keefe Corporation 600 shares preferred stock ($10 par) at $20 per share On December 31, the company's year end, the quoted market prices were as follows Kelly Corporation common stock, $52, and Keefe Corporation preferred stock, $24 Following are the data for the following year (Year 2) Mar 02 Dividends per share, declared and paid Kelly Corp , $1, and Keefe Corp , $0 50 Oct 01 Sold 200 shares of Keefe Corporation preferred stock at $25 per share Dec 31 Fair values Kelly common, $46 per share, Keefe preferred, $26 per share Year 1 Year 2", "question_description": "\"image\"image", "transcribed_text": "Adjust FVA at Sale and Year-End On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measured at FV-NI. Kelly Corporation 1,000 shares of common stock (no-par) at $60 per share Keefe Corporation 600 shares preferred stock ($10 par) at $20 per share On December 31, the company's year-end, the quoted market prices were as follows: Kelly Corporation common stock, $52, and Keefe Corporation preferred stock, $24. Following are the data for the following year (Year 2). Mar. 02: Dividends per share, declared and paid: Kelly Corp., $1, and Keefe Corp., $0.50. Oct. 01: Sold 200 shares of Keefe Corporation preferred stock at $25 per share. Dec. 31: Fair values: Kelly common, $46 per share, Keefe preferred, $26 per share. Year 1 Year 2", "related_book": { "title": "Intermediate Accounting Volume 2", "isbn": "1618533134, 9781618533357", "edition": "2nd Edition", "authors": "Hanlon, Hodder, Nelson, Roulstone, Dragoo", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/66389e84ca01a_11494.jpg", "uri": "\/textbooks\/intermediate-accounting-volume-1-2nd-edition-9781618533135", "see_more_uri": "\/textbooks\/business-stock-market-3396" }, "free_related_book": { "isbn": "0367523914", "uri": "\/textbooks\/the-student-s-guide-to-social-neuroscience-3rd-edition-978-0367523916-140670", "name": "The Student S Guide To Social Neuroscience", "edition": "3rd Edition" }, "question_posted": "2024-05-27 00:16:21", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/how-is-giving-commissions-advantageous-to-the-business-712478", "description": "Discuss the impact of commissions in organizations growth?", "stars": 0 }, { "url": "\/the-ledger-of-costello-company-at-the-end-of-the", "description": "The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000, Sales Revenue $840,000, and Sales Returns and Allowances $20,000. 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