Prepare the journal entry at december

Assignment Help Accounting Basics
Reference no: EM131116007

1. If the bonds in question 8 are classified as available-for sale and they have a fair value at December 31, 2010, of $3,604,000, prepare the journal entry (if any) at December 31, 2010, to record this transaction.

Reference no: EM131116007

Questions Cloud

What is the difference between a eurocredit an euronote : What is the difference between a Eurocredit, a Euronote, and a Euro-medium-term note?
Indicate how unrealized holding gains and losses : Indicate how unrealized holding gains and losses should be reported for investment securities classified as trading, available-for-sale, and held-to-maturity.
What is the difference between an edge act bank : What is the difference between an Edge Act bank and an international banking facility?
What is an offshore center : What is an offshore center?
Prepare the journal entry at december : If the bonds in question 8 are classified as available-for sale and they have a fair value at December 31, 2010, of $3,604,000, prepare the journal entry (if any) at December 31, 2010, to record this transaction.
Task is to predict output variable choice based on 16 input : Your task is to predict the output variable "choice" based on 16 input features: x1, x2, ....,x15, x16.The output "choice" is a categorical variable that can take 5 possible values: "M", "B", "J", P", and "O".The first 8 input features (x1, x2, ....,..
Will an mnc issuing debt in low interest rate currencies : Will an MNC issuing debt in low-interest-rate currencies necessarily lower its cost of funds? Why?
Low capacity for exercise : A study of the effects of exercise used rats bred to have high or low capacity for exercise. There were 8 high-capacity and 8 low-capacity rats.
What is the difference between a foreign branch : What is the difference between a foreign branch and a subsidiary bank?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Polaski inc uses an actual cost job order system the

polaski inc. uses an actual cost job order system. the following transactions are for august 2010. at the beginning of

  Realization in history of accounting

Application/realization in history of accounting

  Prepare cash budget for the months of july through september

Prepare a cash budget for the months of July through September 2012. Show supporting schedules for the calculation of receivables and payables. WIll Slopes be in a position to pay off the $30000 one year note that is due on October 1, 2012. If not, w..

  Which investment should he choose

One offers quarterly compounding; the other compounds on a semiannual basis, which investment should he choose? Why?

  Premiums paid for group term life insurance

In arriving at the $270,000 of partnership profits, the partnership deducted $2,400 ($800 for each partner) in premiums paid for group term life insurance on the partners.

  Prepare matthews delivery services income statement and

matthews delivery service inc. completed the following transactions during its first month of operations for january

  Division a of smith company has the capacity for making

division a of smith company has the capacity for making 3000 motors per month and regularly sells 1950 motors each

  The company does not plan to borrow money or pay or declare

colerain corporation is a merchandising company that is preparing a profit plan for the third quarter of the calendar

  What information should management disclose in the foot

drug benefits and post retirement liabilities delphi companyreduced its other post reitrement benefits by approx 500

  Estimating the cost forecast modeling

Chandler Bing is product safety manager at Tribbiani-Buffay Products, Inc., a Las Vegas-based producer of data processing equipment. Bing is evaluating the cost effectiveness of a preventive maintenance program. Bing believes that monthly down- ti..

  Find critical points and inflection points of function

Find critical points and inflection points of f. All I've got is the f'(x), which would be -0.707 + cos(x) and the f''(x) = -sin(x), but I don't know what to do from there.

  Problem on disbursements for manufacturing overhead

The company's budgeted fixed manufacturing overhead is $77,220 per month, which includes depreciation of $9,720. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead o..

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