User Account

All Pages

What reported as carrying amount of trading securities

Assignment Help Accounting Basics
Reference no: EM132975388

Question - On December 31, 2018, Nestle's equity investment portfolio consisted of the following.

Investment Quantity Cost Fair Value

Dwarfy Company 500 shares P24,000 P18,000

Alabang Corp. 2,000 shares 216,000 246,000

Totals P240,000 P264,000

1. What should be reported as loss on sale of trading securities in 2018?

a. 60,300

b. 32,400

c. 24,300

d. 68,400

2. What amount of unrealized gain or loss should be reported in the income statement for the year ended December 31, 2018?

a. P180,000 unrealized gain

b. P180,000 unrealized loss

c. P24,000 unrealized gain

d. P24,000 unrealized loss

3. In the December 31, 2018, statement of financial position, what should be reported as carrying amount of trading securities?

a. 240,000

b. 234,000

c. 264,000

d. 270,000

Reference no: EM132975388

Questions Cloud

Calculate kogan free cash flow to equity holders : Calculate Kogan's Free Cash Flow to Equity holders for 2019, 2020 and 2021. Leverage (defined as Assets/Equity) remains the same as it was in 2018
How many shares must john sell to make up the shortfall : How many shares must John sell to make up the shortfall in dividend expected? Calculate John's total wealth from these shares after receiving the dividend
Explain whether dividend policy actually matter in practice : Critically discuss M&M's proposition, including the assumptions behind it. Explain whether dividend policies actually matter in practice
What is the required return for apple corp : Apple Corp has decided to increase its debt to $100,000,00 by taking a loan at after-tax interest rate of 8%. What is the WACC after this change?
What reported as carrying amount of trading securities : In the December 31, 2018, statement of financial position, what should be reported as carrying amount of trading securities
What makes a good supervisor : Human Ethical practice. What Makes a Good Supervisor?
What is the name of this period of time : Luckily, she has about 20-25 days between her purchase and the time her credit card payment is due. What is the name of this period of time
What is jack percentage return from his strategy : The current spot rate of the euro is $1.30. If the spot rate of the euro in one year is $1.20, what is Jack's percentage return from his strategy
What types of behavior might help stimulate creativity : What types of behavior might help stimulate or diminish your creativity? Why is creativity necessary in the running of an organization?

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