questions 1,4,6,7,9,10 please will give a like

Which one of the following is NOT one of the reasons a company mightiest in the securities of another company? Earn a higher rate of return by accepting a higher degree of risk Purchase ownership shares in order to exert influence on the board of directors Purchase ownership shares in order to gain access to important assets To manage cyclical or seasonal excess cash amounts To satisfy important revenue recognition criteria Which type of securities includes only DEBT securities? Equity method securities Available for sale securities Trading securities Held-to maturity securities Consolidated securities During Year I the company purchased 1,000 shares of stock for 525 per share. Near the end of Year 1, the company sold 400 shares. What is the amount of REALIZED gain or loss assuming that the shares were sold for $20 per share? The shares were classified as trading securities. Realized Gain of $4,000 Realized Loss of 54.000 Realized Loss of 51200 Realized Gain of $1,200 The company purchased the following securities during fear t. Security Classification Trading Cost 59,000 10.000 Market Value Dec. 51.tea 1 $10,000 16,000 On July 25, Year 2, the company sold all of the shares of Security for a total of $9.00. As of December 31, Year 2, the shares of Security A had a market value of 55.800. No other activity occurred during Year in relation to the trading security portfolio What amount should the company report as REALIZED GAIN OR LOSS in the Year 2 income statement Realized Gain of $6,500 No realized gain or loss in the Year 2 income statement Realized Gain of $500 Realized Loss of $500 Realized Loss of $6.500 On January 16 of Year Wishbone Corporation purchased 2,000 shares of Clarke Corporation common stock at $50 per share. Wishbone classified the investment in care common stock as available for sale. On March 25 of Year Wishe also shares of Clarke common stock for S78 per share On December of Year each of the remaining 1,500 shares of Clarke common stock had a market value of 56.5.For Yeart, Wine Corporation reported net income of $200,000. What would Wishbone's Year I net income one been if the investment in Clarke Corporation stock had originally been classified as a Note sume that before Year Wishbone Corporation has never had an investment in either trading at available-for-sale securities. Also, ignore income taxes $244.500 $783.500 $225.500 5222500 5242 500 On January 1 of Year 1, Steve Company perchased the following securities Security A B Type Bond Stock Classification Trading Trading $5.00 22.500 C D Stock Bond Stock Available for sale $10,000 Available for sale 17.000 Available for sale 200 E Steve Company sold all of its investment in Security for R900 on October 31 of Year 1. On December 31 al Year 2, the following fair values were wailable for Securities A,BC, and (with Security Dhading been sold on October 31). Security A Type Classification Bond Trading Stock Trading Cost Market Value (end Year 1) 55.000 53.00 27.500 54,700 3 514.000 Stock Available for sale $10.000 Stock Available for sale 5.000 Compute the TOTAL. amount of met Liimeained sain et les that will be reported in Stene Company's OTHER COMPREHENSIVE INCOME for Tror Net gain 58.200 Net gain of 56,000 Net pin 59,000 Net gain of 57,400 Net gain of $800 Parent Company has the subsidiaries as follow Peromtage of the Partnership PARENT 20% SUBI ON SUBZ 40% SUBS BALANCE SHEET Assets 180 200 180 200 200 Accountable Plant and equipment Investment in Sh1400.) Investment in Sub2100.000) Investment in Suh (140 -0.40) 300 120 55 1014 B 200 30 Lutanies Equity 20 140 414 100 140 INCOME STATEMENT 4,790,000 3,000 3.000 Income from Sub 11,100.00 Income from Sob 21.100.000 In from Sub 30.10.0.40) (1.00 Expenses Net income ... 1100 1800 L.100 1.100 Compute the most of MINORITY INTEREST that will be reported in the CONSOLIDATED balance sheet 154 OS 070 140 14 10 Which ONE of the following is a factor that makes it difficult to account for derivatives wsing the traditional accounting model? The historical cost of derivatives low or nero The ownership percentage associated with derivatives is often in excess of 756 Accounting requires that all derivatives de recorded at the balance Derivatives do not it into the entity concept Otis.impossible to use derivatives to hedge risk