User Account

All Pages

Determine the unrealized gain or loss on the investment

Assignment Help Financial Accounting
Reference no: EM132935393

Question - On January 2, 2019, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $15.00 per share, and represents a 10% ownership stake. Big Bad Company made $20,000 of net income in 2020, and paid dividends to All Good Company of $105,000 on December 15, 2020.  On December 31, 2020, Big Bad Company's stock was trading on the open market for $17.50 per share at the end of the year.  Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole number (no cents).

Reference no: EM132935393

Questions Cloud

Construct a table to show various legal statuses of business : Construct a table to show the various legal statuses of businesses (such as PLC, LTD, Registered Charity etc) that your business may adopt.
How can health care facilities manage ppe supplies : How can health care facilities manage PPE supplies during the COVID-19 pandemic and How do physicians respond to colleagues who fail to report an exposure
How much should the company charge riley sales for the month : Mira adds a 25% markup on its costs to calculate the amount billed to the customer. How much should the company charge Riley Sales for the month of July
When excess cost is equal to shortage cost in single period : When excess cost is equal to shortage cost in the single period model, the optimum stocking level falls in the center of the demand distribution for the item.
Determine the unrealized gain or loss on the investment : Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company
What actions or messages should you avoid : What actions or messages should you AVOID when terminating an employee and What other functions/departments/experts may need to be involved with HR
Record the sale of two items to baja : Record the sale of two items to Baja and receipt by credit card 2% card fee. Prepare the appropriate journal entry for each transaction assuming the company use
Find what amount must remaining assets be sold : Assets with a book value of P175,000 were sold. What amount must the remaining assets be sold in order for Julia to receive P197,500 after liquidation?
Determine the amount to be recognized as fair value : Determine the amount to be recognized as fair value adjustment gain the entity's 2019 other comprehensive income

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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