Valuing available-for-sale securities at fair value

Assignment Help Accounting Basics
Reference no: EM13534056

Valuing available-for-sale securities at fair value

On January 1, 2012, Valuation Allowance for Available-for-Sale Securities had a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $62,400, and the fair value was $56,900. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale securities on December 31, 2012.

Reference no: EM13534056

Questions Cloud

What is the speed of the car relative to the ground : A 40ton rail car and a 80ton rail car, initially at rest, are connected together with a giant but massless compressed spring between them. When released, What is the speed of the 40ton car relative to the ground
What is the predicted genotypic ratio of a dibybrid test : What is the predicted genotypic ratio of a dibybrid test cross of heterozygous versus that of a dihybrid test cross of ahomozygous dominant phenotype? use and example from mendels work todescribe your predictions.
The price-earnings ratio : The most common valuation multiple is the price-earnings ratio
Find the velocities of both cars at the instant : The racer decides to race against a stock car. Both start from rest. The stock car leaves 1.0 sec before the race car. Find the velocities of both cars at the instant they are side by side
Valuing available-for-sale securities at fair value : the cost of the available-for-sale securities was $62,400, and the fair value was $56,900. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale securities on December 31, 2012.
Calculate the recoil speed of the nucleus : The nucleus of the polonium isotope 214^po (mass 214u ) is radioactive and decays by emitting an alpha particle, what is the recoil speed of the nucleus that remains after the decay
Prevent covered interest arbitrage : What must be the forward exchange rate to prevent covered interest arbitrage?
Calculate how much time elapses from start to stop : An electric vehicle starts from rest and accelerates at a rate of 2.4 m/s2 in a straight line until it reaches a speed of 25 m/s. How much time elapses from start to stop
Determine the depreciation for the current fiscal year : Determine the depreciation for the current fiscal year and for the following fiscal year by (a) the straight-line method and (b) the double-declining-balance method.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Budgeting in multinational companies

What specific considerations arise when budgeting in multinational companies? What are the best ways to address these considerations?

  Determining the macki capital account

Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, the Macki's capital acc..

  Explain the two types of audit tests what are some

what are the two types of audit tests? what are some examples of each of these two types of tests? how will the

  Direct materials 060 direct manufacturing labor 300

company manufactures ties. when 28000 ties are produced the costs per unit aredirect materials 0.60 direct

  Why would they care about current earnings

If investors are truly interested in knowing a company's future cash flows, why would they care about current earnings?

  Net receivables to cover sales discounts

Quick Finance assessed a finance charge of 6% of the total accounts receivable factored and retained an amount equal to 2% of the total receivables to cover sales discounts.

  Recorded value if two-transaction method is used

A U.S. firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value if the two-transaction met..

  Accounting and securities market differences

Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.

  Determine the value of ending inventory and gross profit

Determine the value of ending inventory and gross profit under each of the methods LIFO, FIFO and average Cost

  What goodwill appear in a consolidated balance sheet

Tosco Co. paid $540,000 for 80% of the stock of Martz Co. when the book value of Martz's net assets was $600,000. For all of Martz's assets and liabilities, book value and fair value were approximately equal.

  Company overview milestone

Find two annual reports from competing publicly traded companies of your choice. Prepare an overview of the two companies including a brief synopsis of the industry the companies are in, the market share each company holds, and the length of time ..

  Using the information above prepare an activity table

company a maintains an accounts recevialedepartment that currently employs 8 people. they areinterested in doing an

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