Classified as an available-for-sale investment

Assignment Help Financial Accounting

Reference no: EM13746804

Cole Inc. owns shares of Marlin Corporation stock classified as an available-for-sale investment. At December 31, 2014, the available-for-sale securities were carried in Cole’s accounting records at their cost of $900,400, which equals their fair value. On September 21, 2015, when the fair value of the securities was $1,249,300, Cole declared a property dividend whereby the Marlin securities are to be distributed on October 23, 2015 to stockholders of record on October 8, 2015.

Prepare all journal entries necessary on those three dates.

Reference no: EM13746804

Questions Cloud

Compare two style periods of baroque or classical : Compare and contrast two style periods we have covered. At least one must be Baroque or Classical. Your discussion may include Mood, Rhythm, Dynamics, Tone Color, Genres, and Texture.

What is the incidence of the disease in the new population : Population X is FOUR times larger than population Y, and both populations are in Hardy-Weinberg equilibrium. What is the incidence of the disease in the new population

Compute douglass weighted-average number of shares : Douglas Corporation had 131,640 shares of stock outstanding on January 1, 2014. On May 1, 2014, Douglas issued 64,080 shares. On July 1, Douglas purchased 13,800 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average nu..

Determine total compensation cost pertaining to the options : Plans to its employees. Under its executive stock option plan, the company granted options on January 1, 2013, that permit executives to acquire 4 million of the company’s $1 par common shares within the next five years, but not before December 31, 2..

Classified as an available-for-sale investment : Cole Inc. owns shares of Marlin Corporation stock classified as an available-for-sale investment. At December 31, 2014, the available-for-sale securities were carried in Cole’s accounting records at their cost of $900,400, which equals their fair val..

Write a four page paper on invention of television then now : Write a four page paper on the invention of television then and now.

Calculate kevins cost of goods sold for the year : Kevin owns a retail store, and during the current year he purchased $600,000 worth of inventory. Kevin’s beginning inventory was $65,000, and his ending inventory is $75,000. During the year, Kevin withdrew $15,000 in inventory for his personal use.

Analyze the role of culture in criminal behavior : Recognize and evaluate transnational criminal enterprises and analyze the role of culture in criminal behavior and justice systems

Analyze environmental factors impacting marketing in spain : Your first task is to analyze the environmental factors impacting marketing in Spain, Ireland, France, Morocco, and Venezuela and report the following information to the vice president:

User Account

All Pages