User Account

All Pages

On februrary 182011 union corporation purchased 10000

Assignment Help Accounting Basics
Reference no: EM13596293

On Februrary 18,2011, Union Corporation purchased 10,000 shares of IBM common stock as a long-term investment at $60 per share. On December 31, 2011, and December 31, 2012, the market value of IBM stock is $58 and $61 per share respectively.

Required:
1. What is the appropriate reporting category for this investment? Why?
2. Prepare the adjusting entry for December 31, 2011.
3. " ", 2012.

Reference no: EM13596293

Questions Cloud

Determine the solubility of n2 based at 4deg and 40degc you : determine the solubility of n2 based at 4deg and 40degc you must determine the partition coefficient from free
A mass spectrometer is used to examine the isotopes of : question a mass spectrometer is used to examine the isotopes of uranium. ions in the beam emerge from the velocity
What sort of interaction occurs between adjacent alcohol : what sort of interaction occurs between adjacent alcohol molecules? and what sort of interaction occurs between
You have just been appointed as the auditor of gritty : you have just been appointed as the auditor of gritty manufacturing ltd and you are in the process of planning your
On februrary 182011 union corporation purchased 10000 : on februrary 182011 union corporation purchased 10000 shares of ibm common stock as a long-term investment at 60 per
If weight in the general population is normally distributed : question if weight in the general population is normally distributed with an average of 160 and a standard deviation of
In the first 140 of the reaction 19times102 of is produced : in the first 14.0 of the reaction 1.9times10?2 of is produced in a reaction vessel with a volume of 0.470. what is the
Gordon company produces two types of gears gear q and gear : gordon company produces two types of gears gear q and gear s with unit contribution margins of 2 and 5 respectively.
On january 1 2008 jeremiah corporation had 40000 of 12 par : on january 1 2008 jeremiah corporation had 40000 of 12 par value common stock outstanding. on june 1 2008 jeremiah

Reviews

Write a Review

Accounting Basics Questions & Answers

  Modified accrual basis of accounting

Under the modified accrual basis of accounting, revenues are recognized in the period:

  How many direct labor hours does the company expect

A company allocates $7.50 overhead to each unit produced. the company uses a Plantwide overhead rate with direct labor hours as the allocation base. given the amounts below, how many direct labor hours does the company expect in department 2??

  Overhead application rate of manufacturer

What is the overhead application rate of the manufacturer? What is the product cost of a batch of 1,000 racquets that use 200 direct labor hours at $10 perhour and $5,000 of direct materials.

  Denber co acquired 60 of the common stock of kailey corp on

denber co. acquired 60 of the common stock of kailey corp. on september 1 2010. for 2010 kailey reported revenues of

  Limit of blocks per cluster

In dos we have limit of _______ blocks per cluster.

  What makes a contribution income statement unique

What makes a contribution income statement unique? Using the company (National Linen) discuss how a contribution income statement could be used to improve planning in that particular company.

  Quantity variances for direct cost categories direct

quantity variances for direct cost categories direct materials and direct labor are based on differences between the

  The credit period begins with what date

Merchandise is ordered on June 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on June 16

  Anderson company uses the indirect method of preparing the

anderson company uses the indirect method of preparing the statement of cash flows and reports the following

  Each year madsen company purchases 8000 units of a part

each year madsen company purchases 8000 units of a part that it needs for production of its product. the supplier

  You are the accountant for a division of a company that is

you are the accountant for a division of a company that is constructing a building for its own use. it is january 2011

  Recommendations to improve the financial status

Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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