Dicker furriers purchased 4,200 bonds of loose corporation on january 10, 2017, for $350 per bond and classified the investment as securities available for sale. loose's market value was $200 per bond on december 31, 2017, and the decline in value was viewed as temporary. as of december 31, 2018, dicker still owned the loose bonds whose market value had declined to $120 per share. the decline is due to a reason that's judged to be other than temporary. dicker's december 31, 2018, balance sheet and the 2018 income statement would show the following: investment in loose stock income statement loss on investments
a. 504,000 966,000
b. 504,000 336,000
c. 840,000 0
d. 1,470,000 966,000
Answers: 3
Business, 21.06.2019 21:20
20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units
Answers: 1
Business, 22.06.2019 11:10
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
Business, 22.06.2019 17:30
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Dicker furriers purchased 4,200 bonds of loose corporation on january 10, 2017, for $350 per bond an...
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