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need help with the 4 questions please will give a like At the beginning of Year 1, Scotto Company purchased a portfolio of available for
need help with the 4 questions please will give a like
At the beginning of Year 1, Scotto Company purchased a portfolio of available for sale securities for $27. None of the available-for-sale securities were sold during the year. At the end of Year 1, the available-for-sale portfolio had a value of $5L. Also at the beginning of Year 1, Scotto Company purchased a portfolio of trading securities for $15. None of the trading securities were sold during the year. At the end of Year 1, the trading portfolio had a value of 59 For Year 1, Scotto's net income before including any gains or losses from investment securities) was $252. After including any necessary gains or losses from investment securities, what is Scotto's correct net income for Year 17 Note:Ignore any income tax impact. $228 $216 5248 $232 $212 $252 On January 1 of at 1, Steve Company purchased the following securities Type Security A B Bond Classification Trading Trading Cost 55.000 27,500 Stock c D Stock Bond Stock Available for sale $10,000 Available for sale 17.000 Available for sale Steve Company sold all of its investment in Security D for $8,900 on October 31 of Year I. On December 31 of Year 1, the following fair values wete available for Securities A,BC, and E (with Security having been sold on October 31). Security A B Type Classification Bond Trading Stock Trading Cost Market value.cend Year 1) $5,000 53,200 27.500 36.700 Stock Available for sale $10,000 Stock Available for sale 9.200 $14.000 6.000 Compute the TOTAL. amount of net realized gain or loss that will be reported in Steve Company's INCOME STATEMENT for Year! Net gain of $6,000 Net gain of 513,200 Net gain of 7400 Net gain 58.200 Net gain 39,000 Promotion Tarapetta PARENTS SUB SUBS BALANCE SHEET Assets Cash Mantan Investment Sub 100 Investments Sub 200 Invest in Sh 300.00 3 10 w 44 100 INCOME STATEMENT Beves Sale Income from Sab 10.100:90) breme from 20,100. Income from Sub 50,000 Nainen 1. 1.10 Compute them of TOTAL ASSETS that will be the CONSOLIDATED O SEG 1014 O 02274 Which ONE of the Billig statements com detesima FORWARD contact and FUTURES! A forward contracte de derivative A forward contracts individusly negotiate suuresti standard A forward comissandardo.com sidually need. A forward contact contine derivative A forward contractions contract only A forward contractives on and contract only Step by Step Solution
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