Reference no: EM132048559
Question - Dream Corporation generated excess cash and invested in securities, as follows:
2014
Jul. 2 Purchased 3,600 shares of Bravo, Inc. common stock at $ 13.00 per share. Dream holds the stock in its active trading account and plans to sell the stock within three months, when the company will need the cash for normal operations.
Aug. 21 Received a cash dividend of $ 0.30 per share on the Bravo stock investment.
Sep. 16 Sold the Bravo stock for $ 13.60 per share.
Oct. 8 Purchased 500 shares of Zigbo stock at $ 10.00 per share. The stock is held in the active trading account as Dream plans to hold the Zigbo stock for less than five months.
Dec. 31 Zigbo stock's current market price is $ 9.00 per share.
Requirements -
1. Classify each of the investments made during 2014. (Assume the investments represent less than 20% of ownership of outstanding voting stock.)
2. Journalize the 2014 transactions. Explanations are not required.
3. Prepare T-accounts for the investment assets and show how to report the investments on Dreams balance sheet at December 31, 2014.
What was the variance of the returns over this period
: You've observed the following returns on Barnett Corporation's stock over the past five years: -27.9 percent, 15.6 percent, 34.2 percent, 3.3 percent, & 22.3 %
|
What is the total manufacturing cost assigned
: If Job A-500 consists of 70 units, what is the average cost assigned to each unit included in the job?
|
Total cost of goods manufactured for the year ended
: The total cost of goods manufactured for the year ended December 31, 2018 is: The total cost of goods sold for the year ended December 31, 2018 is:
|
Present value of the depreciation tax shield
: Calculate the present value of the depreciation tax shield under each depreciation method listed in part (1).
|
Prepare t-accounts for the investment assets
: Prepare T-accounts for the investment assets and show how to report the investments on Dreams balance sheet at December 31, 2014
|
Data for the fiscal year ending june
: Riley Manufacturing Company has accumulated the following data for the fiscal year ending June 30, 2018.
|
Record entries for december 1 and december 8
: On December 8, Whyatt company remits a check for the amount due. Record entries for December 1 and December 8.
|
Record the adjustment to ahold balance sheet
: Record the adjustment to Ahold's balance sheet at the end of 2010 (i.e., January 1, 2011) to reflect the capitalization of operating leases
|
What are the weighted-average and fifo methods
: What are the weighted-average and FIFO methods of process costing and under which conditions will weighted-average method
|