User Account

All Pages

How much investment income is recognized by Beyonce

Assignment Help Accounting Basics
Reference no: EM133184777

Question - Beyonce Company purchased 10,000 shares of Taylor company's ordinary shares at P80 per share in 2021. Beyonce designated the equity investment as at FVPL. Fair value at Dec. 31, 2021 was P100/ share.

In 2022, Taylor issued rights to its shareholders to purchase one ordinary share for every five rights plus P70. Beyonce sold 2,000 stock rights at P10 and exercise the remaining rights by purchasing additional shares.

Required - How much investment income is recognized by Beyonce on the sale of 2,000 stock rights?

Reference no: EM133184777

Questions Cloud

Compute the realizable value of accounts receivable : On January 1 of Swift's second year, it writes off a customer's account for $500. Compute the realizable value of accounts receivable on January 1
Estimate your exposure to the exchange risk : If the British economy slows down, on the other hand, the land will be worth less, say, £1,500, Estimate your exposure to the exchange risk
What is the variable delivery costs per unit : Last year, Solaria Inc. produced 15,000 mechanical pencils. What is the variable delivery costs per unit. What is the fixed delivery cost per unit
How much unrealized holding gain should David report : On December 31, 2022, the equity securities have fair value of P200/share. How much unrealized holding gain should David report on December 31, 2022
How much investment income is recognized by Beyonce : In 2022, Taylor issued rights to its shareholders to purchase one ordinary share for every five rights plus P70. How much investment income is recognized
Calculate total annual carrying costs and restocking costs : The calendar year is comprised of 52 weeks. It costs $1.50 to hold every metal bar over the year. Calculate total annual carrying costs and restocking costs
Outline an appropriate hedging strategy for Mr Ranjit : Therefore, Mr Ranjit wishes to protect his investment against any unexpected fall in the share market. Outline an appropriate hedging strategy for Mr Ranjit
What is the minimum sales price : What is the minimum (i,e,, the break-even) sales price that the company should charge per unit of the customized TK-15 for this special order
Set up balance column accounts for rainmaker environmental : Set up balance column accounts for Rainmaker Environmental Consultants and enter the balances listed in the unadjusted trial balance

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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