How do get the balance sheet amount

Assignment Help Accounting Basics
Reference no: EM132183326

Question - For several years Fister Links Products has held Microsoft bonds, considered by the company to be securities available- for sale. The bonds were acquired at a cost of $580,000. At the end of 2018, their fair value was $706,000 and their amortized cost was $590,000. At the end of 2019, their fair value was $700,000 and their amortized cost was $600,000.

How do get the balance sheet amount and the general journal for this problem?

Reference no: EM132183326

Questions Cloud

Addition to the individual mandate : In addition to the individual mandate, the ACA contains an employer mandate. Describe the employer mandate.
Conduct research on the medical and psychological protocols : PSY278 Gender identity disorder has become a controversial topic over the last few decades. For this assignment, you will conduct research on the medical.
Interpersonal relationships within your place of employment : How did their personalities affect how they handled work situations and interpersonal relationships within your place of employment?
Leaders to embrace technology in the digital age : Why is it important for leaders to embrace technology in the digital age? What are some of the advantages and disadvantages of using technology
How do get the balance sheet amount : At the end of 2019, their fair value was $700,000 and their amortized cost was $600,000. How do get the balance sheet amount
What effect did dividend have on turner financial statements : During the current year, ICA paid a 4.40 million cash dividend on its common shares. What effect did this dividend have on Turner's 2018 financial statements
Merger-acquisition when starting business internationally : What is the value of forming an alliance vs. a merger/acquisition when starting a business internationally?
Methods of measurement to track progress toward each goal : Determine methods of measurement to track progress toward each goal. What strategies could be implemented to support the achievement of these goals?
Forecast made using moving average method : In order to increase the responsiveness of a forecast made using the “moving average method” what can we try? Describe in terms of number of averaging period.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Basic shareholders rights

Which of the following is not one of the basic shareholders rights?

  Discuss how significant do you believe this change

How significant do you believe this change is to the lease coverage in our current

  Basics of journal entries to record the sale of equipment

Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations.

  Compute the monthly break-even point for the new toy

Compute the monthly break-even point for new toy in unit sales and in dollar sales. How many units must sold each month to make a monthly profit of $10,962?

  Prepare the journal entries needed on the books

Bonds payable with a par value of $900,000, which are dated January 1, 2014, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2024.

  What is the theoretical justification of the allowance

Q: In your own words, what is the theoretical justification of the allowance method as contrasted with the direct write-off method of accounting for bad debts

  Acme corporation has 1000 shares outstanding joan and bill

acme corporation has 1000 shares outstanding. joan and bill are married and they each own 45 shares of acme. joans

  Discuss the meaning of fair value when applied to an nfpo

Discuss the meaning of fair value when applied to an NFPO investments, and give examples of how fair value may be determined.

  What about full representation of women

What are the three main types of feminism? Is there one of these that seems to make the most sense? Why did feminism decline around 1920 and then regain momentum in the 1960s?

  Degree of operating leverage

Question 1: The degree of operating leverage is computed as:

  Uxmaiz corporation had only one job in process during

uxmaiz corporation had only one job in process during may-job x32z-and had no finished goods inventory on may 1. job

  Determine the machine supplies and property taxes

July's costs consisted of machine supplies ($170,000), property taxex ($24,000), Determine the machine supplies and property taxes for May

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