User Account

All Pages

How much unrealized holding gain should David report

Assignment Help Accounting Basics
Reference no: EM133184778

Question - During the year 2021, David Company purchased 1,000 shares of Goliath Company ordinary shares at P150 per share, plus transaction costs of P4,000. The shares acquired are designated as at fair value through other comprehensive income. At December 31, 2021, Goliath ordinary shares are selling at P180/share. On December 31, 2022, the equity securities have fair value of P200/share. How much unrealized holding gain should David report on December 31, 2022?

Reference no: EM133184778

Questions Cloud

How many units of Product B are required to break-even : The company has the following fixed costs: Product A, $613,000, Product B, $1,023,000, How many units of Product B are required to break-even
Compute the realizable value of accounts receivable : On January 1 of Swift's second year, it writes off a customer's account for $500. Compute the realizable value of accounts receivable on January 1
Estimate your exposure to the exchange risk : If the British economy slows down, on the other hand, the land will be worth less, say, £1,500, Estimate your exposure to the exchange risk
What is the variable delivery costs per unit : Last year, Solaria Inc. produced 15,000 mechanical pencils. What is the variable delivery costs per unit. What is the fixed delivery cost per unit
How much unrealized holding gain should David report : On December 31, 2022, the equity securities have fair value of P200/share. How much unrealized holding gain should David report on December 31, 2022
How much investment income is recognized by Beyonce : In 2022, Taylor issued rights to its shareholders to purchase one ordinary share for every five rights plus P70. How much investment income is recognized
Calculate total annual carrying costs and restocking costs : The calendar year is comprised of 52 weeks. It costs $1.50 to hold every metal bar over the year. Calculate total annual carrying costs and restocking costs
Outline an appropriate hedging strategy for Mr Ranjit : Therefore, Mr Ranjit wishes to protect his investment against any unexpected fall in the share market. Outline an appropriate hedging strategy for Mr Ranjit
What is the minimum sales price : What is the minimum (i,e,, the break-even) sales price that the company should charge per unit of the customized TK-15 for this special order

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is mitchell debt ratio as of december

Mitchell Florists had the following total assets, liabilities, and equity as of December 31. What is Mitchell's debt ratio as of December 31

  Find the type of audit report the auditor would issue is

Find the type of audit report the auditor would issue in this circumstance is? In an audit of internal control, the auditor discovered one control deficiency

  Compute the cost of goods destroyed

Tim Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January

  Prepare a horizontal analysis

Prepare a horizontal analysis. Display percentages to 3 decimal places (.654 = 65.4%). Discuss any line items from the balance sheet

  What is the internal rate of return

Your company is considering a capital project that will require a net initial investment of $239,978. What is the internal rate of return

  Calculate two variances for each cost except fixed overheads

Calculate two variances for each cost except fixed overheads (just one variance), using the contribution approach

  Unreimbursed doctor bills for noah for 500 acircmiddot

1 what is the agi for evan?22.what is the agi for noah?3 does evan take the standard or itemized deduction? what is the

  What is a lease and how is it used as a financing vehicle

what is a lease and how is it used as a financing vehicle? how are leases accounted for within the firms financial

  Find the warranty liability and expense amounts

Find the warranty liability and expense amounts for 2020. Round all values to the nearest dollar. Payments for completed warranty repairs are paid in cash.

  What is the net cash provided by financing activities

Vegetable Market had the following transactions during 2017: What is the net cash provided by financing activities

  Prepare the journal entries and shareholders equity section

Prepare the journal entries and the shareholders' equity section of the balance sheet of Saturn Corporation as of December 31, 2014.

  Do the registration of the emission of the bonds on janury

Do the registration of the emission of the bonds on Janury 1st, Smiley Teeth Co. Register the payment of the interest on March 31st.

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