Business, 09.04.2021 03:20 sariyamcgregor66321

The investments of Harlon Enterprises included the following cost and fair value amounts ($ in millions): Fair Value, Dec. 31
Equity Investments Cost 2021 2022
A Corporation shares $ 40 $ 24 N/A
B Corporation shares 55 55 $ 57
C Corporation shares 25 N/A 24
D Industries shares 55 56 60
Totals $ 175 $ 135 $ 141
Harlon accounts for its equity investment portfolio at fair value through net income. Harlon sold its holdings of A Corporation shares on June 1, 2022, for $25 million. On September 12, it purchased the C Corporation shares.
Required
1. What is the effect of the sale of the A Corporation shares and the purchase of the C Corporation shares on Harlon's 2019 pretax earnings?
2. At what amount should Harlon's securities equity investment portfolio be reported in its 2019 balance sheet?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 22:30

Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice

Answers: 1

Answer

Business, 22.06.2019 22:50

What is the difference between the contractual interest rate and the market interest rate?

Answers: 1

Answer

Business, 22.06.2019 23:30

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?

Answers: 3

Answer

Business, 23.06.2019 00:30

Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm

Answers: 1

Answer

You know the right answer?

The investments of Harlon Enterprises included the following cost and fair value amounts ($ in mill...

Questions