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

Question

1 Approved Answer

On August 1, 2018, Tarjee Ltd.purchased 1,000 Datawave Inc.common shares for $ 43,700 cash with the intention of trading the shares and using the fair

image text in transcribed
image text in transcribed
image text in transcribed
On August 1, 2018, Tarjee Ltd.purchased 1,000 Datawave Inc.common shares for $ 43,700 cash with the intention of trading the shares and using the fair value through profit or loss model Datawave declared a dividend of $1 per common share, which Tarjee received on December 28, 2018.On December 31,2018, Tarjees yearend, the shares fair value was $48,200

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

ISO 9001 2015 Audit Procedures

ISO 9001 2015 Audit Procedures

Authors: Ray Tricker

4th Edition

1138025895, 978-1138025899

More Books

Students also viewed these Accounting questions

Question

★★★★★
Paul, Kenyatta, and Rosanna each took one national language exam. Paul took the French exam and scored 88. Kenyatta took the Spanish exam and scored 84. Rosanna took the Mandarin exam and scored 91....

Answered: 1 week ago

Question

★★★★★
Design a survey to help the retailer improve customer service. (You may fi nd it benefi cial to work with the retailer and actually administer the survey to the retailers customers. Prepare a report...

Answered: 1 week ago

Question

★★★★★
=+ (a) Show that, if f is bounded and e"""x) has a mean value for each 1, then f has a distribution in the sense of (25.18).

Answered: 1 week ago

Question

★★★★★
Arctic Software Inc. has two product lines. The income statement for the year ended December 31 shows the following: The products, Num 1 and Num 2, are sold in two territories, North and South, as...

Answered: 1 week ago

Question

★★★★★
Baldwin CPA Firm performs two types of services, Audit and Tax. Baldwin's overhead costs consist of computer support, $30,000; and legal support, $15,000. Information on the two services is: Audit...

Answered: 1 week ago

Question

★★★★★
Write a javascript program to create a function called cleanPhrase This function takes one argument which is a string This function should clean the string to remove the random numbers This function...

Answered: 1 week ago

Question

★★★★★
3. Briefly explain the following step toward ethical behaviour: Carrying out one's decision a. Weakness of will b. Strength of will C. Locus of control d. Willingness to obey authority

Answered: 1 week ago

Question

★★★★★
Queens black is a popular input with an annual demand of 5 0 0 0 0 gallons, ordering cost of$ 5 0 per order, and holding cost of $ 5 per unit per year; the econmoic orer quantity is 1 , 0 0 0 . Hence...

Answered: 1 week ago

Question

★★★★★
Project management has been around ever since the time of the pyramids.However, today many organizations and industries are still struggling to understand and apply good project management to their...

Answered: 1 week ago

Question

★★★★★
describe what the Death with Dignity Act is, What are three of the most important rules concerning who is eligible for physician-assisted dying? What are the main reasons some people support Death...

Answered: 1 week ago

Question

★★★★★
THE FORUMIY mon applies to be a you Now. Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 232...

Answered: 1 week ago

Question

★★★★★
(Appendices) Why does the accountant make an entry to record uncollectible account expense in the period of sale rather than in the period in which an account is determined to be uncollectible? LO25

Answered: 1 week ago

Question

★★★★★
(Appendices) Describe the documents that underlie the typical accounting system for sales. Give an example of a failure of internal control that might occur if these documents were not properly...

Answered: 1 week ago

Question

★★★★★
(Appendices) What are the components of cost of goods available for sale and of cost of goods sold? Assume that the firm uses the gross method of recording purchase discounts. LO45

Answered: 1 week ago

Previous Question Next Question