Business, 10.03.2020 03:15 ninaaforever

Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow.

Portfolio of Trading
Securities Cost Fair Value
Tesla Bonds $15,300 $ 11,475
Nike Bonds 24,400 25,620
Ford Bonds 6,100 4,880

Prepare journal entries to record the December 31 year-end fair value adjustment for the above debt securities.

Answers: 1

Show answers

Answers

Answer from: eichlingkera3

Explanation:

business model of the securities is to earn capital gain and are classified as through fair vlaue through profit and loss

such securities are revalued at reporting date any gain are loss is recognized in profit and loss account.

Security name Carrying Amount Fair value (Gain)/Loss

Telsa Bond 15300 11475 3900

Nike Bonds 24400 25620 -1220

Ford Bonds 6100 4880 1220

the securities will recorded at fair value in the balance sheet and their respective gain loss will be recorded in profit and loss by making these entries

Entries

Loss on revaluation of investment 3900

Investment in Telsa bond 3900

To record the loss on telsa investment.

Nike Investment 1220

Gain on revaluation of investment 1220

To record the Gain on Nike investment.

Loss on revaluation of investment 1220

Investment in Ford bond 1220

To record the loss on Ford investment.

Answer from: Quest

answer; ///i believe the best answer is (d) replace negative self talk with positive self-talk;

Answer from: Quest

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.

Another question on Business

Business, 22.06.2019 16:20

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.

Answers: 2

Answer

Business, 22.06.2019 17:40

To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.

Answers: 3

Answer

Business, 22.06.2019 22:50

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$

Answers: 3

Answer

Business, 22.06.2019 23:50

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?

Answers: 1

Answer

You know the right answer?

Kitty Company began operations in the current year and acquired short-term debt investments in tradi...

Questions