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Question - Monty Inc. shows on its statement of financial position its investments accounted for as FV-OCI investments. At its year end of May 31, 2018, the balance in the FV-OCI Investments account was $98,000 and at its year end of May 31, 2019, the balance was $124,500. Monty's statement of comprehensive income for the year ended May 31, 2019, shows an unrealized loss from fair value adjustment on FV-OCI investments of $25,000. There were no sales of FV-OCI investments during the year, only purchases.
Required - Determine the necessary caption and amount that should appear on Monty's statement of cash flows prepared using the indirect method and determine if the entry appear under the operating, investing, or financing section of the statement.
Mr. James runs a retail shop. Calculate the net income or net loss in reference to the following transactions that occurred during the month of January. Solve this problem using an electronic spreadsheet.
draper company is authorized to issue 600000 shares of 5 par value common stock. by march 15 2011 the company had
1. Balance per the bank on May 31, $8,000 2. Deposits in transit not recorded by the bank, $975
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Demand and supply conditions in the perfectly com- petitive market for unskilled labor are as follows:
Prepare the operating activities section of the statement of cash flows using the indirect method - The income statement of Zamora Inc
a) Journalize the transaction, events, and closing entries b) Enter the beginning balances in the accounts, and post to the stockholders' equity accounts c) Prepare a retained earnings statement for the year d) Prepare a stockholders' equity section ..
Explain why an investment portfolio composed of all the stocks in the S&P 500 is less risky than an investment portfolio composed of 20 stocks chosen randomly.
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