Business, 12.02.2021 02:40 stephanieanaya7
Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2020, and all are considered securities available-for-sale. CostFair ValueUnrealized Holding Gain (Loss) Short term: Blair, Inc.$490,000 $400,000 $(90,000) ANC Corporation 455,000 490,000 35,000 Totals$945,000 $890,000 $(55,000) Long term: Drake Corporation$490,000 $565,000 $75,000 Aaron Industries 715,000 665,000 (50,000) Totals$1,205,000 $1,230,000 $25,000 Required: 1. Prepare appropriate adjusting entries at December 31, 2021. 2. What amount would be reported in the income statement at December 31, 2021, as a result of the adjusting entry
Answers: 3
Business, 22.06.2019 01:40
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Business, 22.06.2019 02:20
Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
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Business, 22.06.2019 12:00
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Business, 22.06.2019 13:00
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 202...
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