Business, 27.07.2021 21:20 Lalagrl

Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X2 is: Available-for-Sale Securities Cost Fair Value
December 31, 20X1 $275,000 $261,000
December 31, 20X2 $360,000 $376,500

a. Debit Fair Value Adjustment â Available-for-Sale (LT) $14,000; Credit Unrealized Gain â Equity $14,000.
b. Debit Unrealized Loss â Equity $14,000; Credit Fair Value Adjustment â Available-for-Sale (LT) $14,000.
c. Debit Fair Value Adjustment â Available-for-Sale (LT) $14,000; Credit Unrealized Loss â Equity $14,000.
d. Debit Unrealized Gainâ Equity $14,000; Credit Fair Value Adjustment â Available-for-Sale (LT) $14,000.
e. Debit Realized Loss â Income $14,000; Credit Fair Value Adjustment â Available-for-Sale (ST) $14,000.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Answers: 1

Answer

Business, 22.06.2019 07:30

Which two of the following are benefits of consumer programs

Answers: 1

Answer

Business, 23.06.2019 02:20

Suppose rebecca needs a dog sitter so that she can travel to her sister’s wedding. rebecca values dog sitting for the weekend at $200. susan is willing to dog sit for rebecca so long as she receives at least $175. rebecca and susan agree on a price of $185. suppose the government imposes a tax of $30 on dog sitting. the tax has made rebecca and susan worse off by a total of

Answers: 3

Answer

Business, 23.06.2019 02:30

Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?

Answers: 3

Answer

You know the right answer?

Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale...

Questions