Explain balance sheet presentation of the fair value

Assignment Help Financial Accounting
Reference no: EM13131395

1. Explain the balance sheet presentation of the fair value adjustment for Perry’s short-term investment.

2. How do these short-term investment affect Perry’s (a)income statement for year 2011(b) the equity section of its balance sheet at year-end 2011?

Reference no: EM13131395

Questions Cloud

What is tex ordinary income : Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?
Fits your overall interests : If you do not see a book that fits your overall interests, please advise me immediately so that we can secure a book that will do so.
Relationship between business and society : What recent (since 2000) high-profile incidents-- corporate scandals, economic and environmental crises, etc.-- have raised serious questions about the relationship between business and society?
Explain what is meant by the test data approach : Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.
Explain balance sheet presentation of the fair value : Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.
Grammar and flow of paper to best answer : grammar and flow of paper to best answer the health policy assignment. I am going to upload the directions. Also if possible some text can be googled to add the best reference as well as check the latest statistics to replace some old ones. Th paper ..
What major factors permitted the embezzlement to take place : Frank James, a highly competent employee of Brinkwater Sales Corporation, had been responsible for accounting-related matters for two decades. His devotion to the firm and his duties had always been exceptional, and over the years, he had been giv..
What is the standard error of the mean : A standard deviation of 36 donuts. If a sample of 16 stores results in a sample average of 249 donuts what is the standard error of the mean?
Prepare an adjusting entry to record the year end fair value : Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare interest payment entry for barkley company

Prepare interest payment entry for Barkley Company on 31st December, 2012 and what entry should Barkley make on 1st January, 2014?

  How many ounces of plastic resin should mate plan

How many ounces of plastic resin should Mate plan on purchasing during the month of October - Mate Boomerang Corporation manufactures and sells plastic boomerangs

  Evaluate the selling price per unit

Evaluate the selling price per unit. Which of the following is not a difference between financial accounting and managerial accounting?

  Illustrate what is the material purchase price variance

Direct material 9 feet at $5.00 per foot. Actual information for July: 2,000 units were produced; 20,000 feet of direct material were purchased at a cost of $92,000 and 19,000 feet of material were used. Illustrate what is the material purchase pr..

  Describe the relevant revenue and cost considerations

Should Kellogg use the scrap and process the product further? Describe the relevant revenue and cost considerations and other relevant issues in your response.

  What dollar volume of sales per month is required

What dollar volume of sales per month is needed for Accents to earn a monthly operating income of $10,000?

  Illustrate what is great lake effective tax rate

Great Lakes statutory tax rate for 2010 is 35%. Illustrate what is Great Lake’s effective tax rate?

  Calculate the number of shares to be used in determining

The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.

  Evaluate the amount and character of robby''s deductions

Evaluate the amount & character of Robby's deductions for this vacation home considering the cost allocation method that the IRS prefers is used.

  Create a fixed budget income statement

Create a fixed budget income statement for the planned level of sales and production and create a fixed budget income statement for actual level of sales and production.

  Explain how much asset turnover should manufacturer have

Explain how much asset turnover should manufacturer B have to match manufacturer A's ROE?

  Evaluation of cost per equivalent

Evaluation of cost per equivalent unit for conversion costs for the month and What would be the cost per equivalent unit for conversion costs for the month?

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