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

Question

1 Approved Answer

The following information is about Bob Company's available-for-sale securities Cost and face amount of the investment 113,000 Fair value on Dec. 31, 2020 111,900 Fair

The following information is about Bob Company's available-for-sale securities Cost and face amount of the investment 113,000 Fair value on Dec. 31, 2020 111,900 Fair value on Dec. 31, 2021. 117,400 Journalize the entry to record the adjustment to fair value on Dec. 31, 2021 Be sure to specify realized vs. unrealized NI vs. OCI Date Account Debit Credit

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

Accounting Theory Contemporary Accounting Issues

Accounting Theory Contemporary Accounting Issues

Authors: Thomas G. Evans

1st Edition

0324107846, 9780324107845

More Books

Students also viewed these Accounting questions

Question

★★★★★
Norman Dowd owns his own taxi, for which he bought a $10,000 permit to operate two years ago. Mr. Dowd earns $30,000 a year operating as an independent but has the opportunity to sell the taxi and...

Answered: 1 week ago

Question

★★★★★
The plaintiffs entered into an oral agreement with the New York University Medical Center for an in vitro fertilization procedure that would not result in an autistic child. They subsequently signed...

Answered: 1 week ago

Question

★★★★★
A two-dimensional Poisson process is a process of randomly occurring events in the plane such that (i) for any region of area A the number of events in that region has a Poisson distribution with...

Answered: 1 week ago

Question

★★★★★
An insulated wire with mass m = 5.40 X 10-5 kg is bent into the shape of an inverted U such that the horizontal part has a length I = 15.0 cm. The bent ends of the wire are partially immersed in two...

Answered: 1 week ago

Question

★★★★★
A five-year, 9.0% bond with a YTM of 8.3% has a duration of 6.67 and convexity of 31.25. The bonds current price quote is 83.376. Assume the bond pays annual coupons and has a par value of $1.000....

Answered: 1 week ago

Question

★★★★★
Discussion 3 - Data Analytics Techniques and Data Sources For this week's discussion consider how a university such as UNTD might use data analytics techniques to recruit and attract potential...

Answered: 1 week ago

Question

★★★★★
Time remaining 01:05:54 Question 13 of 40 Which brief conversation best illustrates the SCQA method of presentation? Question 12 "We should ask ET Diner to cater our next meeting. It has chicken...

Answered: 1 week ago

Question

★★★★★
Students in grades 1-3 use number sense when they Students in grades 1-3 use number sense when they locate and report the percentages of sugar and fat in specific foods. draw equipment used in...

Answered: 1 week ago

Question

★★★★★
Question 4 [Soalan 41 Table 4.1 shows the means of the yield of cucumbers (kg) for different types of fertilizer to the nutrient concentration levels. [Jadual 4.1 dibawah menunjukkan purata hasil...

Answered: 1 week ago

Question

★★★★★
Amelie is setting up in business importing French cheeses. She could open up a small shop, a large outlet, or no shop at all if she decides to sell online only (which she won't be able to do for...

Answered: 1 week ago

Question

★★★★★
Describe the wicked problem in detail - when did it become an issue for the organization; which aspects of the problem are you most concerned about; who is affected; etc. Your Initial thought about...

Answered: 1 week ago

Question

★★★★★
=+6. How many credit cards do you carry? Do you think that reform of the credit-fueled economic model in the U.S. is essential for a more equitable global economy? In general, to what extent is it...

Answered: 1 week ago

Question

★★★★★
=+Countrywide? In general, how do you incentivize salespeople who work on commission (as the majority of mortgage brokers did in the

Answered: 1 week ago

Question

★★★★★
=+5. What reforms would you recommend to a mortgage lender in terms of its employee incentives to ensure it avoids the mistakes of

Answered: 1 week ago

Previous Question Next Question