Business, 24.10.2019 16:43 Naviascales7018

Uliana company has the following investments as of december 31, 2017: investments in common stock of beam company $1,700,000 investment in debt securities of ninesquare company $3,500,000 in both investments, the carrying value and the fair value of these two investments are the same at december 31, 2017. juliana’s stock investments does not result in significant influence on the operations of beam company. juliana’s debt investment is considered held-to-maturity. at december 31, 2018, the shares in beam company are valued at $1,200,000; the debt investment securities of ninesquare are valued at $2,600,000. assume that these investments are considered impaired. instructions (a) prepare the journal entries to record the impairment of these two securities at december 31, 2018. (b) assuming the fair value of the beam shares is $1,400,000 and the value of its debt investment is $2,950,000, what entries, if any, should be recorded in 2019 related to impairment? (c) prepare the journal entries at december 31, 2018, assuming these securities are not impaired. (ignore interest revenue entries.) (d) assume that the debt investment in ninesquare company was available-for-sale and the expected credit loss was $1,000,000. prepare the journal entry to record this impairment on december 31, 2018.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 19:40

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is

Answers: 3

Answer

Business, 22.06.2019 20:00

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Answers: 3

Answer

Business, 22.06.2019 20:20

An economic theory that calls for workers to take control of factories is .

Answers: 3

Answer

Business, 23.06.2019 18:40

Sri lanka is one of the major tea producing nations in the world. a substantial portion of the country's annual tea production gets exported to various countries, including the united arab emirates, russia, and other countries in the middle east. given the success in these countries, sri lanka decided to foray into the asian market. research evidence indicated that people in myanmar are major consumers of tea and that there is a high demand for tea in that country. this convinced industry experts in sri lanka that exporting to myanmar was a good idea. even though sri lankan tea was priced competitively, sales in myanmar turned out to be far lower than expected. which of the following, if true, could explain this outcome? a. myanmar exported a substantial amount of its annual tea production that year. b. the tea exported from sri lanka is of the highest quality. c. the myanmar government hiked the minimum wage for labor. d. people in myanmar are willing to pay more for their domestic tea brands than for foreign brands. e. sri lankan tea exports to other asian countries like india and china have also not been very successful.

Answers: 1

Answer

You know the right answer?

Uliana company has the following investments as of december 31, 2017: investments in common stock o...

Questions