At what amount would Bon Jovi report accumulated

Assignment Help Accounting Basics
Reference no: EM132476553

Question - Bon Jovi Inc. purchased ABC Company bonds and LMN Company common stock during 2021, its first year of operations. Bon Jovi still owns the securities at the end of 2022. The following information pertains to these securities. The ABC Company bonds are classified as securities available for sale. The following pertains to these bonds: amortized cost is $360,000 at the end of 2021 and $367,500 at the end of 2022; and the fair value of these bonds are $375,000 at the end of 2021 and $400,000 at the end of 2022. The LMN Company common stock is classified as fair value through net income. The following pertains to this investment: the common stock cost $140,000; and the fair value is $130,500 at the end of 2021 and $150,400 at the end of 2022.

At what amount would Bon Jovi report accumulated other comprehensive income in the shareholders' equity section of its year end 2022 balance sheet?

A) zero.

B) positive $32,500.

C) positive $40,000.

D) positive $42,900.

Reference no: EM132476553

Questions Cloud

Real gdp divided by the number of employed workers : Imagine that you are trying to predict the level of real per capita GDP in a certain economy in the year 2070 (say, using real dollars of some base year).
What is the effect of the sale of the land : Chelsea, who is single, purchases land , What is the effect of the sale of the land on her taxable income, and what is her tax liability?
Explain how a war could end a recession : Explain how a war could end a recession. Look at recent and back issues of the Economic Report of the President or Statistical Abstract of the United States
Describe the economic growth scenario for the us economy : In the aftermath of 'The Great Recession', how would you describe the economic growth scenario for the U.S. economy? Explain your answer
At what amount would Bon Jovi report accumulated : At what amount would Bon Jovi report accumulated other comprehensive income in the shareholders' equity section of its year end 2022 balance sheet
Compute the annual interest rate : Compute the annual interest rate (%) and round to 4 decimal places given the information below. how to arrive at the answer with calculations
Describe the factors your chosen firm has taken : Determine if your firm was dependent on the federal government for a bailout and/or restructuring.
International effects of a contractionary : Suppose the U.S. operates under a flexible exchange rate. Consider both the domestic and international effects of a contractionary monetary policy
Compute the amount of the goodwill impairment loss : Zeppi's net assets was $550 million. Compute the amount of the goodwill impairment loss that Bonham would record at the end of 2022

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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