Make the necessary journal entry or entries to record the

Assignment Help Accounting Basics

Reference no: EM13484540

Security	Type	Classification	Cost (including Broker's Fees)
1	Equity	Trading	$55,000
2	Equity	Available-for-sale	106,000
3	Debt	Available-for-sale	23,000
4	Debt	Trading	40,000

Viella Company received the following interest and dividends from its securities during the year:

Security	Interest	Dividends
1		$1,500
2		4,000
3	$1,000
4	5,500

Make the necessary journal entry (or entries) to record the receipt of interest and dividends during the year.

Reference no: EM13484540

Questions Cloud

Prepare in good form a balance sheet for the year ended : question 1.flynn design agency was founded by kevin flynn in january 2009. presented below is the adjusted trial

Use of excess cash another option usually available is to : use of excess cash another option usually available is to reduce the firms outstanding debt. what are the advantages

Galehouse gas stations inc expects sales to increase from : galehouse gas stations inc. expects sales to increase from 1550000 to 1750000 next year. mr. galehouse believes that

Two doors down inc has weekly credit sales or 44500 and : two doors down inc. has weekly credit sales or 44500 and the average collection period is 25 days. what is tdds

Make the necessary journal entry or entries to record the : securitytypeclassificationcost including brokers

Its average daily investment in receivables is 92000 what : then and now inc. has an average collection period of 37 days. its average daily investment in receivables is 92000.

The signet corporation has issued four-month commercial : the signet corporation has issued four-month commercial paper with a 6 million face value. the firm netted 5870850 on

To be classified as an equity method security the investor : to be classified as an equity method security the investor must typically own at least a certain percentage of the

What is the process for adjusting the value of a trading : what is the process for adjusting the value of a trading or available-for-sale security after a valuation account has

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages