User Account

All Pages

How much is the net amount adjusted to retained earnings

Assignment Help Accounting Basics
Reference no: EM133140200

Question - Luxemburg Company purchased the following investments during 2021:

 

Initial Cost

Transaction cost

Fair value Year-end 2021

Security A

P365,000

P29,200

P416,000

Security B

747,000

59,760

804,000

On January 3, 2022, the entity sold all of the shares of Security B for P888,000.

No other activity occurred during 2022 concerning the portfolio.

Assuming nontrading securities - FVOCI, how much is the net amount adjusted to Retained earnings on the date of sale?

Reference no: EM133140200

Questions Cloud

Identify whether the transaction is an example of financing : Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing, or operating activities
Create a page that displays an image, and uses JavaScript : Create a page that displays an image, and uses JavaScript to allow the user to select which image is displayed - When the page is first viewed
What is the modified duration of this bond : Consider a 8.5 year U.S. corporate bond with a coupon of 3% p.a. that pays interest on a semi-annual basis. What is the modified duration of this bond
Enterprise architecture governance framework : Why is it so important to establish an Enterprise Architecture Governance framework? How does this transform "change management"?
How much is the net amount adjusted to retained earnings : Assuming nontrading securities - FVOCI, how much is the net amount adjusted to Retained earnings on the date of sale
What is its minimum price to break even : A piece of property is purchased for $25,000 and yields a $1500 yearly net profit. The property is sold after 10 years. What is its minimum price to break even
Assess quantitative data analysis : You will examine five peer-reviewed quantitative research articles with different data collection and analysis plans
Advertising dollars spent on reaching tv viewers : There continues to be a disparity between the advertising dollars spent on reaching TV viewers
What percentage of total assets are long term liabilities : If long-term liabilities are 300,000 and total assets are 2,100,000, what percentage of total assets are long term liabilities

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