Presented below are three unrelated (or independent) situations involving equity securities. Situation 1: A debt security, whose fair value is currently less than cost, is classified as available-for-sale but is to be reclassified as trading.
Situation 2: A noncurrent held-to-maturity portfolio with an aggregate fair value in excess of cost includes one particular debt security whose fair value has declined to less than one-half of the original cost. The decline in value is considered to be permanent.
Situation 3: The portfolio of trading debt securities has a cost in excess of fair value of $13,500. The available-for-sale debt portfolio has a fair value in excess of cost of $28,600.
What to do?
What is the effect upon carrying value and earnings for each of the situations above?
That's all the information i have, that's why i am asking for help because i don't get it...

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year