User Account

All Pages

Provide necessary journal entries to record all investmet

Assignment Help Accounting Basics
Reference no: EM132834546

Problem - Topsail, Inc. had the following securities in its Fair Value Investment portfolio at the end of 20X1

Stock

Shares

Cost/Share

Fair Value/Share

Alpha Corporation

200

$30.00

$28.00

Dividends were paid as follows in 20X2: Alpha Corporation: $1.00 per share on May 1 and November 1.

The following shares were sold during 20X2: 50 shares of Alpha Corporation on June 1 for $26.00 per share.

Fair values as December 31, 20X2 were as follows: Alpha Corporation: $31.00 per share.

Required - Provide the necessary journal entries to record all of Topsails investment activities during 20X2 in chronological order.

Reference no: EM132834546

Questions Cloud

What element of the marketing mix : What element of the marketing mix (4P) do you consider to be most important?
What are the 10 external forces that impact organizations : What are the 10 external forces that impact organizations? When and why would some forces be more important than others?
Strategic total quality management : Q 1 How did your understanding of quality change or evolve or get reinforced during the course on Strategic Total Quality Management?
Explain the benefits of a performance management system : Explain the benefits of a performance management system in terms of employee and organizational success.
Provide necessary journal entries to record all investmet : Provide the necessary journal entries to record all of Topsails investment activities during 20X2 in chronological order
What is international company : What an International Company that has been headquartered in New Jersey plans on expanding and sending an expatriate on a three-year assignment
Why do you believe intentional teaching is important : Qualities of an Intentional Teacher Throughout this course, all of the concepts that we discuss will be related to the concept of intentional teaching and how.
Differences among the three decision-making approaches : a) Define extensive problem-solving, limited problem-solving and routinised response behaviour. What are the differences among the three decision-making approac
Describe the five methods used to categorize retailers : 1. What is retailing, and why is it always undergoing so much change?

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