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

Question

1 Approved Answer

at december 31, 2022, the trading debt securities for sheridan, Inc. are as follows Security Cost Fair value A $17800 $16300 B 12000 13600 C

at december 31, 2022, the trading debt securities for sheridan, Inc. are as follows Security Cost Fair value A $17800 $16300 B 12000 13600 C 22900 19400 ---------------------------------------------- $52700 $49300 Prepare the adjusting entry at december 31, 2022 to report the securities at fair value

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

Fundamental Managerial Accounting Concepts

Fundamental Managerial Accounting Concepts

Authors: Edmonds, Tsay, olds

6th Edition

71220720, 78110890, 9780071220729, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

To select the right number of variables, you should Question 3 options: choose the number of variables that gives the highest score use the top 10% of variables based on r-value use a for loop and a...

Answered: 1 week ago

Question

Edmund Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare EdmundCorporation's statement of cash flows for the year...

Answered: 1 week ago

Question

at december 31 2022, the trading debt securities for crane ince are as follows. Security a cost 17500 fair value 15800. security b cost 12200 fair value 14200. security c cost 2250 fair value 19400....

Answered: 1 week ago

Question

★★★★★
Compare to traditional organizational development approaches. To get back on track and find a way to function more smoothly, should this taskforce use an Appreciative Inquiry approach or a more...

Answered: 1 week ago

Question

★★★★★
Listed below are the commissions earned ($000) last year by the 15 sales representatives at Furniture Patch Inc. a. Determine the mean, median, and the standard deviation. b. Determine the...

Answered: 1 week ago

Question

★★★★★
The governing equation for an RLC circuit driven by the applied voltage \(v_{a}(t)\) is derived as \[L \frac{d i}{d t}+R i+\frac{1}{C} \int i d t=v_{a}(t)\] where \(L=4 \mathrm{H}, R=4 \Omega\), and...

Answered: 1 week ago

Question

★★★★★
Let X1 and X2 be independent exponential random variables, each having rate . Let X(1) = minimum(X1, X2) and X(2) = maximum(X1, X2) Find (a) E[X(1)], (b) Var[X(1)], (c) E[X(2)], (d) Var[X(2)].

Answered: 1 week ago

Question

★★★★★
Nassau County is located approximately 25 miles east of New York City. The data organized and stored in Glen Cove include the fair market value (in $ thousands), land area of the property in acres,...

Answered: 1 week ago

Question

★★★★★
I new to find a trending topic for project in Information System and draw an outline i have a topic in mind but a peer chose the same paper topic which is augmented reality i need to find another...

Answered: 1 week ago

Question

★★★★★
Help with all Sorensen Systems Inc. is expected to pay a $2.50 dividend at year end (D1 = $2.50 ), the dividend is expected to grow at a constant rate of 5.50% a year, an the common stock currently...

Answered: 1 week ago

Question

★★★★★
Zach has worked in the pizza business for ten years. He is tired of working for others and now wishes to start his own pizza restaurant. Zach created a corporation called Zach's Pizza. Wanting to...

Answered: 1 week ago

Question

★★★★★
1.When a bank customer deposits $1,000 into her checking and $1,000 into her savings and there is a reserve requirement ratio of 5%, how is this recorded in the bank's balance sheets? Group of answer...

Answered: 1 week ago

Question

★★★★★
What does mentoring provide that supervision does not? Mentoring involves meeting compliance standards and supervision does not. Mentoring involves a level of discourse that goes beyond supervision...

Answered: 1 week ago

Question

★★★★★
Explain the causes of indiscipline.

Answered: 1 week ago

Question

★★★★★
Which of these is not a way that organizations can develop ways to become more innovative? a. Promote a culture that encourages risk-taking b. Spending money on research & development c. Empowering...

Answered: 1 week ago

Question

★★★★★
Which chart type is a visual "dashboard" of your data? O a. Bar chart O b. Sparkline . Line chart O d. Column chart

Answered: 1 week ago

Question

★★★★★
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.

Answered: 1 week ago

Question

★★★★★
47. Let {Xn, n 0} denote an ergodic Markov chain with limiting probabilities i . Define the process {Yn, n 1} by Yn = (Xn1,Xn). That is, Yn keeps track of the last two states of the original chain....

Answered: 1 week ago

Question

★★★★★
49. Let P(1) and P(2) denote transition probability matrices for ergodic Markov chains having the same state space. Let 1 and 2 denote the stationary (limiting) probability vectors for the two...

Answered: 1 week ago

Question

★★★★★
51. In Example 4.3, Gary is in a cheerful mood today. Find the expected number of days until he has been glum for three consecutive days.

Answered: 1 week ago

Previous Question Next Question