Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - At December 31, 2017, the available-for-sale debt portfolio for Pearl, Inc. is as follows.
Security
Cost
Fair Value
Unrealized Gain (Loss)
A
$18,375
$15,750
$(2,625)
B
13,125
14,700
1,575
C
24,150
26,775
2,625
Total
$55,650
$57,225
Previous fair value adjustment balance-Dr.
420
Fair value adjustment-Dr.
$1,155
On January 20, 2018, Pearl, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees.
PearlInc. reports net income in 2017 of $126,000 and in 2018 of $147,000. Total holding gains (including any realized holding gain or loss) equal $42,000 in 2018.
Required -
Prepare a statement of comprehensive income for 2017, starting with net income.
Prepare a statement of comprehensive income for 2018, starting with net income.
The amount of the loss involved can be reasonably estimated. Based on the above facts, an estimated loss contingency should be:
The following legal claims exist for Kalamazoo Co. Identify the accounting treatment for each claim as either a liability that is recorded.
skyways airlines acquires a new aircraft. it has an estimated life of 15 years and should be used for 15000 hours of
At the end of Year 1, Herkimer & Co. sells two laptops for $1,800 each. Based on the information in RE11-6 in Year 1, prepare the journal entries to record the purchase of the laptops, the depreciation on the laptops, and the sale of the laptops.
[The budget process] d limited is preparing its annual budget for the year to 31 decmeber. it manufactures and sell one product which has a selling price of 150. the marketing director believes that the price can be increased to 160 with effect f..
1. Compute the break-even point in dollar sales for year 2011.
The Audit Report and Internal Control Evaluation. This paper should be posted as a Microsoft Word attachment in the Assignment Section and should adhere to APA formatting style.
exercise 12-10 part 2 2 compute the companys cash flow on total assets ratio for its fiscal year 2011. round your
Record the above transactions in a horizontal statements model like the following one.
discuss the evolution of the income statement found in the annual report of a firm to the forms that can be used in
lawrence owns a small candy store that sells one type of candy. his beginning inventory of candy was made up of 10000
evaluate the various types of foreign currency transactions based on the difficulty in accounting for each type of
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd