subject
Business, 14.03.2020 05:57 NayeliNoel

Trading securities were sold on January 3, 2018 for $65,000. Those securities were purchased for $52,000 on November 21 2017, and they had a fair value on December 31, 2017 of $57,000. The entry to record the sale would include a . a. debit to Investment in Trading Securities of $5,000 b. credit to Gain on Sale of Trading Securities of $8,000. c. credit to Unrealized Holding Gain/Loss-Trading Securities of $8,000 d. debit to Unrealized Holding Gain/Loss-Trading Securities of $5,000.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 12:30
Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?
Answers: 1
question
Business, 22.06.2019 12:50
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
question
Business, 22.06.2019 16:00
Which plan offers a tax-free education?
Answers: 1
You know the right answer?
Trading securities were sold on January 3, 2018 for $65,000. Those securities were purchased for $52...
Questions
question
Mathematics, 02.10.2019 23:10