User Account

All Pages

Make the adjusting entry at december

Assignment Help Accounting Basics
Reference no: EM133167341

Question - At December 31, 2020, the available-for-sale debt securities for Kingbird, Inc. are as follows.

Security

Cost

Fair Value

X

$22,000

$19,200

Y

10,000

10,400

Z

18,400

14,400

 

$50,400

$44,000

Required - Make the adjusting entry at December 31, 2020, to report the securities at fair value.

Reference no: EM133167341

Questions Cloud

Logical interpretation of the rationale behind the merger : The response provides a clear and logical interpretation of the rationale behind the merger, based on what has been said publicly but also
Understanding of human behavior theories : Explore how an understanding of human behavior theories would assist their employer organization in achieving strategic goals.
People issues in international business : With reference to this topic, discuss cultural orientations of the (foreign) country you are currently working in, or of a country in which your organization (o
Develop a plan for the development of and long-term support : Develop a plan for the development of and long-term support of a culture of innovation in the organisation from which the case study is drawn
Make the adjusting entry at december : At December 31, 2020, the available-for-sale debt securities for Kingbird, Inc. are as follows. Make the adjusting entry at December
Explain eligibility guidelines for a medically needy : Explain eligibility guidelines for a medically needy Medicaid program.
Is conflict within organizations a good thing or a bad thing : Is conflict within organizations a good thing or a bad thing? Explain your answer and provide examples.
Changing landscape of csr in china : Case: The Sichuan Earthquake and the Changing Landscape of CSR in China
Create a strategic social media marketing plan : The objective of this task is to create a strategic social media marketing plan for a Nike brand based on various strategies that we've discussed throughout th

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is Emma tax basis in her partnership interest

Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. What is Emma's tax basis in her partnership interest

  What is the target unit cost

If company management desires a return equal to 10 percent of the final selling price, what is the target unit cost

  Which of the following systems provides for a separate

which of the following systems provides for a separate record of the cost of each particular quantity of product that

  What are the reporting and remitting requirements

What are the reporting and remitting requirements during the year? What are the reporting requirements at year-end? Who pays the tax and how is it calculated?

  Compute the amount that Foster Company has to pay

Foster Company purchased goods with the following terms and details? Compute the amount that Foster Company has to pay to the seller for the goods

  How much can emily deduct

In 2011, her share of the partnership loss is $50,000. How much can Emily deduct in 2010 and 2011

  Determine and estimate wacc for coca-cola amatil ltd

Determine and Estimate WACC for Coca-Cola Amatil Ltd. Label all input figures, state any assumptions necessary for their use, and reference their source.

  What is the net present value of accepting the special order

The marketing manager believes that if X Company accepts the order, Assuming a discount rate of 5%, what is the net present value of accepting the special order

  Chorionic villus sampling (cvs) and amniocentesis

Two genetic tests routinely offered to women during pregnancy are Chorionic Villus Sampling (CVS) and Amniocentesis. Many health care professionals believe these two tests are best to determine if there are any genetic mutations or any undesired g..

  What will the dollar amount be in four years

A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually. What will the dollar amount be in four years

  How much will goldman report as cost of goods

How much will Goldman report as cost of goods purchased in its 2015 income statement

  Describe and discuss the five major suggestions

Describe and discuss the five major suggestions for using other people's criticisms of us as a means of personal growth.

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