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Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities. 2011 Jan. 20 Purchased 800 shares of Ford Motor Co. at $27 per share plus a $120 commission. Feb. 9 Purchased 2,700 shares of Lucent at $30 per share plus a $190 commission. Oct. 12 Purchased 720 shares of Z-Seven at $7.60 per share plus a $95 commission. 2012 Apr. 15 Sold 800 shares of Ford Motor Co. at $30 per share less a $295 commission. July 5 Sold 720 shares of Z-Seven at $11.00 per share less a $95 commission. July 22 Purchased 1,800 shares of Hunt Corp. at $32 per share plus a $225 commission. Aug. 19 Purchased 1,600 shares of Donna Karan at $14 per share plus a $105 commission. 2013 Feb. 27 Purchased 3,800 shares of HCA at $37 per share plus a $440 commission. Mar. 3 Sold 1,800 shares of Hunt at $27 per share less a $125 commission. June 21 Sold 2,700 shares of Lucent at $27.75 per share less a $32 commission. June 30 Purchased 1,400 shares of Black & Decker at $47.50 per share plus a $595 commission. Nov. 1 Sold 1,600 shares of Donna Karan at $23.20 per share less a $124 commission. 1. Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) 2. On December 31, 2013, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities when HCA's share price is $39 and Black & Decker's share price is $43.5. (Assume the Fair Value Adjustment-Trading account had an unadjusted balance of zero.)
Under dollar-value LIFO method $
Compute interest and find the maturity date for the following notes.
the analysis and discussion of the vulnerabilities was well received. you realize that when vulnerability scanning
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Decision usefulness is an underlying theme of the conceptual framework, true or false? Users of financial statements are assumed to have substantial knowledge of business and financial accounting matters by financial statement preparers, true or fa..
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Use the following information to complete Phillip and Claire Dunphy's 2012 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem.
There were no other transactions between the two companies. Ignoring income taxes, Mets' statement of income for the year ended December 31, 2011, should include "Income From Investment in Pirates Corporation Stock" in the amount of:
Which of the following combinations of accounting practices will lead to the highest reported earnings in an inflationary environment?
1. compare and contrast direct and indirect costs.2. identify three examples of direct costs.3. identify three examples
suppose acore pharmaceuticals has four sales representatives assigned to the state of arizona. these sales reps are
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