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S&L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2011, S&L purchased Coca-Cola common shares for $875,000 and sold the shares on January 3, 2012, for $880,000. At December 31, the shares had a fair value of $873,000. When it purchased the Coca-Cola shares, S&L Financial decided to elect the fair value option for this investment. What pretax amounts did S&L include in its 2011 and 2012 earnings as a result of this investment?
offshore company makes 2 different types of boats sail and fishing boats. the company consists of two different
What are the advantages of the four different special journals? When would you use each type? What is a subsidiary ledger and what purpose does it serve?
Prepare an income statement for the company in good format. Always include the name of the company and the period covered in the title.
the audiology department at randall clinic offer many services in the clinics patients. the three most common along
mack harris and huss are dissolving their partnership. their partnership agreement allocates income and losses equally
You are a member of the marketing organization for a consumer packaged goods company. The firm is considering the implementation of a CRM system. Make a convincing argument for the scope of the system to include gathering customer data from social..
A few years ago, Blair persuaded the owner to base a part of his compensation on the net income the company earns each year.
What is the error in total net income for the combined three-year period resulting from the inventory errors? Explain why the understatement of inventory by $56,000 at the end of 2007 results in an understatement of equity by the same amount in th..
What was the balance in the investment account
What item(s) in the table would appear on the 2015 statement of cash flows?
abc ltd issued a bond with face value of n1 000 with a coupon rate of 12 per annum. coupon is paid annually. the
At the beginning of the year, Albers, Inc., has total stockholders' equity of $840,000 and 40,000 outstanding shares of a single class of capital stock.
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