Business, 30.10.2019 20:31 xtrabad2ov5d6h

Yankton company began the year without an investment portfolio. during the year they purchased investments classified as available-for-sale securities at a cost of $13,000. at the end of the year, the market value of the securities was $11,000. the yankton company's financial statements for the current year should show

a) a loss of $2,000 on the income statement and available-for-sale securities of $13,000 on the balance sheet
b) no loss on the income statement and available-for-sale securities of $13,000 on the balance sheet
c) no loss on the income statement, available-for-sale securities of $11,000 and an unrealized loss of $2,000 as a stockholders%u2019 equity adjustment on the balance sheet
d) a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:30

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Answers: 1

Answer

Business, 22.06.2019 11:00

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

Answers: 1

Answer

Business, 22.06.2019 23:00

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?

Answers: 2

Answer

Business, 23.06.2019 03:30

Sub to "j h" yt channel to be entered in a giveaway $50 visa

Answers: 1

Answer

You know the right answer?

Yankton company began the year without an investment portfolio. during the year they purchased inves...

Questions