subject
Business, 11.12.2019 22:31 trellizzz

For several years fister links products has held microsoft bonds, considered by the company to be securities available-for-sale. the bonds were acquired at a cost of $500,000. at the end of 2018, their fair value was $610,000 and their amortized cost was $510,000. at the end of 2019, their fair value was $600,000 and their amortized cost was $520,000.

at what amount will the investment be reported in the december 31, 2019, balance sheet? what adjusting entry is required to accomplish this objective (ignore interest)?

( explain how did you get the adjusting entry/ steps)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 17:40
Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)
Answers: 3
question
Business, 22.06.2019 21:00
At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.
Answers: 2
question
Business, 22.06.2019 22:30
Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?
Answers: 2
question
Business, 22.06.2019 22:50
Which of these makes a student loan different from other types of loans
Answers: 1
You know the right answer?
For several years fister links products has held microsoft bonds, considered by the company to be se...
Questions
question
Mathematics, 02.10.2021 16:20
question
Physics, 02.10.2021 16:20
Questions on the website: 13722367