Equity or debt securities investments, Cost Accounting

Assignment Help:

a.         What are the major equity and/or debt securities investments? What amounts are reported in the balance sheet? How significant are those amounts to the company's overall balance sheet? Compare and summarize the reported amount to the prior year. Can you account for the change?

b.         What amount of income is reported on the equity investments and how significant are those amounts to the company's overall profitability? Compare and summarize the reported amount to the prior year. Can you account for the change?

c.         How many subsidiaries (greater than 50% ownership) does the company have? Are all of the consolidated? If not, which ones are not? What is the firm's consolidation policy?

d.         Are there inter-company transactions between the company and its affiliated companies (equity investments)? Did any of their affiliates sell shares of common stock to the public? If so, how did your company recognize the gains or losses?

e.         Is there any information contained in the disclosure notes about the equity investments that you can't discern in the financial statements? If so, what is it?

f.          Is there any goodwill on the balance sheet? If so, how much? Can you determine where it came from? Did the company test the goodwill for impairment during the year? Was any of it written off?

g.         Does the company report any cost method investments carried as trading securities, available-for-sale securities, or held-to-maturity securities? If so, what are the amounts for the last two years and what is their significance to both the balance sheet and income statement?

h.         Did the company realize any gains or losses from security sales during the year? If so, in what amount? How does that compare to any unrealized gains or losses that might be reflected in comprehensive income?

 


Related Discussions:- Equity or debt securities investments

What is bad debt expense, What is bad debt expense, using the aging method ...

What is bad debt expense, using the aging method (also called the "percentage of receivables" method), given the following set of facts?   A firm has $80 of gross accounts recei

Incremental costs as relevant costs, Incremental Costs as Relevant Costs ...

Incremental Costs as Relevant Costs An incremental cost is specifically incurred with the following a course of action and ignorable if such action is not implemented. It cont

Determine the depletion cost per board foot, Conan O'Brien Logging and Lumb...

Conan O'Brien Logging and Lumber Company owns 3,300 acres of timberland on the north side of Mount Leno, which was purchased in 2000 at a cost of $650 per acre. In 2012, O'Brien be

Calculate earnings, The Smiths have two children who live with them: Sandy ...

The Smiths have two children who live with them: Sandy and Judy. Both are full-time students. Sandy is an accomplished singer and made $4,200 during the year performing at special

Tracking direct materials, Tracking Direct Materials Jack keeps full re...

Tracking Direct Materials Jack keeps full records of the material released to each job. When Donnie gathered up light bulbs, tape, breakers, wire, and wire nuts on the morning

Calculate the contribution margin ratios, Problem 4-12 Multiproduct CVP [LO...

Problem 4-12 Multiproduct CVP [LO 4] Fidelity Multimedia sells audio and video equipment and car stereo products. After performing a study of fixed and variable costs in the prior

Overheadd anarlysis, Following figures are taken from annual budget of ABC ...

Following figures are taken from annual budget of ABC manufacturers for the year 2013: Fixed factory overhead Rs. 4,000,000 Factory overhead absorption rate Rs. 70 per direct labor

Show the break-even charts, Q. Show the Break-even charts? Refers graph...

Q. Show the Break-even charts? Refers graphically profit and losses at different levels of sales volume achieved. When sales revenue is greater than total cost it m

Direct materials total variance, Direct Materials Total Variance Direc...

Direct Materials Total Variance Direct materials total variances refer to the difference between the standard direct material cost of the actual production volume and the actu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd