User Account

All Pages

What is the unrealized gain or loss for the securities

Assignment Help Financial Accounting
Reference no: EM132498683

Question 1: Brightney purchased common shares of Company A and B for $6000 and $12,000, respectively on 12/15. Brightney intends to sell these securities within 30 days. At 12/31, Investments in Company A & B had a fair value of $9,000 and $15,000, respectively. Brightney does not have significant influence over the investees. Assuming an existing $1500 debit balance in Fair Value Adjustment - Equity Investments, what is the unrealized gain or loss for these securities and how is it reported?

Reference no: EM132498683

Questions Cloud

How has inflation over the last five years affected you : How has inflation over the last five years affected you and/or your family? Discuss how a business manager, such as a human resources manager, might use CPI.
Leave the us in the 1820s-1900 : Do you think African Americans who chose to leave the U.S. in the 1820s-1900 made the right choice? Provide an example to support your argument.
Do you think historians should evaluate carter legacy : How do you think historians should evaluate Carter's legacy?
How important is the economic content of the story : What is important here is the economic content of the story. If, for example, the important news is about a change in government in country X, you should focus.
What is the unrealized gain or loss for the securities : Assuming an existing $1500 debit balance in Fair Value Adjustment - Equity Investments, what is the unrealized gain or loss for these securities
Write a simple particle system using webgl : Write a simple particle system using WebGL to handle the display. Particle systems are typically used to model fine-grained physical effects like fire
What are the roots of the civil rights conflict : What do you consider to be the largest strides in civil rights progress, and what do you consider to be the most inhibitive factors of the movement?
What are some key fixed and variable costs for the business : What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even.
Describe the monetary philosophy of andrew jackson : Describe the monetary philosophy of Andrew Jackson and compare it to the view of henry Clay and Nicholas battle second president of the bank

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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