At the end of year 1 lane co held trading securities that

Assignment Help Accounting Basics
Reference no: EM13483797

At the end of Year 1, Lane Co. held trading securities that cost $86,000 and had a year-end market value of $92,000. During Year 2, all of these securities were sold for $104,500. At the end of Year 2, Lane had acquired additional trading securities that cost $73,000 and had a year-end market value of $71,000. What is the impact of these stock activities on Lane's Year 2 income statement?

Reference no: EM13483797

Questions Cloud

What yield to maturity is the bond offering assume : a 5.50 percent coupon bond with 14 years left to maturity is offered for sale at 975.50.requiredwhat yield to maturity
When the actual overhead costs exceed the amount applied : 1causes for the difference between applied and actual overhead costs do not include?a different number of workdays in
Whats the current yield of a 680 percent coupon corporate : whats the current yield of a 6.80 percent coupon corporate bond quoted at a price of 97.48? round your answer to 2
A 3250 percent tips has an original reference cpi of 17900 : a 3.250 percent tips has an original reference cpi of 179.00. if the current cpi is 206.00 what is the current
At the end of year 1 lane co held trading securities that : at the end of year 1 lane co. held trading securities that cost 86000 and had a year-end market value of 92000. during
Larkin co has owned 25 of the common stock of devon co for : larkin co. has owned 25 of the common stock of devon co. for a number of years and has the ability to exercise
A 720 percent corporate coupon bond is callable in 10 years : a 7.20 percent corporate coupon bond is callable in 10 years for a call premium of 1 year of coupon payments. assuming
An investment project provides cash inflows of 780 per : an investment project provides cash inflows of 780 per year for eight years. what is the project payback period if the
Calculate the price of a zero coupon bond that matures in : calculate the price of a zero coupon bond that matures in 18 years if the market interest rate is 5.20 percent. round

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ebit roa-roa and roe

Their net profit margin for the year was 20 percent, while the operating profit margin was 30 percent. What are Cisco's net income, EBIT ROA, ROA, and ROE?

  Joint income tax return

Greenbacks Bank also gave Doug and Pattie a cellular phone (worth $100) for opening the savings account. What amount of interest income should they report on their joint income tax return?

  Z mart appropriately uses the installment sales method

Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2009, Z-Mart made installments sales of $300,000 and received payments of $135,000 on those sales. Z-Mart's gross profit margin is 30%.

  What is dell strategy for success in the marketplace

what is Dell's strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value.

  What could management do to reduce the overhead

What could management do to reduce the overhead costs assigned to these video projectors? What would be the impact on the net income of reducing overhead assigned to the video projectors?

  John-bob at risk for partnership

John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?

  Calculate the equipment internal rate of return

The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years. The machine would be depreciated using the straight-line method over its useful life and have no ..

  Governmental activities journal

Equipment in general governmental service that had been acquired several years ago by a capital projects fund at a cost of $30,000 was sold for $11,000 cash. Accumulated depreciation of $20,000 existed at the time of the sale. The journal entry to..

  Prepare the journal entries

Prepare the journal entries to: (a) Issue $100,000 bonds which sold for $94,000. (b) Issue $100,000 bonds which sold for $104,000.

  Compute the net present value of the project

The machine will have a residual value at the end of the 8 years of $8,000. The company has a 14% cost of capital. Compute the net present value of the project.

  Explain what the contribution margin tells a company

b. What is the contribution margin for March c. Once the contribution margin is determined, explain what the contribution margin tells a company d. Explain the differences and benefits when the contribution margin format is used instead of the trad..

  Evaluate the alternatives from the perspective of amber

Amber, a publicly held corporation (not a TARP recipient), currently pays its president an annual salary of $900,000. In addition, it contributes $20,000 annually to a defined contribution pension plan for him.

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