User Account

All Pages

Compute the comprehensive income for Valur Co

Assignment Help Accounting Basics
Reference no: EM132692371

Problem - On December 31, Year 1, Valur Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet:

Available-for-sale investments (at cost) $145,000

Plus valuation allowance for available-for-sale investments 40,000

Available-for-sale investments (at fair value) $185,000

There were no purchases or sales of available-for-sale investments during Year 2. On December 31, Year 2, the fair value of the available-for-sale investment portfolio was $200,000. The net income of Valur Co. was $210,000 for Year 2.

Required - Compute the comprehensive income for Valur Co. for the year ended December 31, Year 2.

Reference no: EM132692371

Questions Cloud

Why is information so important in supply chain : Why is information so important in Supply Chain? What are the challenges to the successful development & implementation of effective information?
How much is the franchise revenue : How much is the franchise revenue if the down payment is refundable, the collectability of the note is reasonably assured but the substantial services
Create material purchases budget schedule : Create material purchases budget schedule for each of the first three months (July - September), including the total purchases per month.
Traditional strategies for coordinating operations : Explain how a supply chain strategy differs from traditional strategies for coordinating operations among firms.
Compute the comprehensive income for Valur Co : On December 31, Year 2, the fair value of the available-for-sale investment portfolio was $200,000. Compute the comprehensive income for Valur Co
Explain the positive motivation : What theory would explain the positive motivation associated with this policy?
Whole Foods Market : Explain the contribution of the different functional areas to the overall well-being of Whole foods
List three approaches to quality management : List three approaches to quality management and continuous improvement, and briefly describe how they are applied in practice.
Social influences on consumer behavior : What are some of the social influences on consumer behavior? What are some of the behavioral influences on organizational buying?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd