subject
Business, 20.10.2021 14:00 chandranewlon

At December 31, 2020, the available-for-sale debt portfolio for Windsor Corp. is as follows. Securities Cost Fair Value Unrealized Gain (Loss)
Good Co. Bonds $ 31,300 $ 29,100 $(2,200)
Home Co. Bonds 29,600 31,300 1,700
Grand Inc.
Debentures 38,000 39,100 1,100
98,900 99,500 600
Before an adjusting entry on December 31, 2020, the fair value adjustment account contained a credit balance of $ 430. Windsor Corp. reported net income of $ 86,300 for 2020.
(a) Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value.
(b) Show the balance sheet presentation of the investment-related accounts at December 31, 2017.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:00
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.
Answers: 2
question
Business, 22.06.2019 17:50
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
question
Business, 22.06.2019 22:00
Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.
Answers: 3
question
Business, 23.06.2019 10:20
Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is
Answers: 3
You know the right answer?
At December 31, 2020, the available-for-sale debt portfolio for Windsor Corp. is as follows. Secur...
Questions
question
Social Studies, 01.08.2019 04:00
question
Social Studies, 01.08.2019 04:00
Questions on the website: 13722361