User Account

All Pages

Prepare appropriate adjusting entries at december

Assignment Help Accounting Basics
Reference no: EM13996226

Loreal-American Corporation purchased several marketable securities during 2011. At December 31, 2011, the company had the investments in common stock listed below. None was held at the last reporting date, December 31, 2010, and all are considered securities available-for-sale.

Required:

1. Prepare appropriate adjusting entries at December 31, 2011.

2. What amounts would be reported in the income statement at December 31, 2011, as a result of these adjusting entries?

Reference no: EM13996226

Questions Cloud

How the worldviews and paradigms of the researcher : A statement of how the worldviews and paradigms of the researcher may create bias when applying qualitative research to the given scenario.
Indicate any amounts that rantzow lear company : Indicate any amounts that Rantzow-Lear Company would report in its 2011 balance sheet and income statement as a result of this investment.
What is the acceleration a of the object : At the instant when the displacement of the spring from its unstrained length is -0.115 m, what is the acceleration a of the object?
What is the tension in the cable during deceleration : What is the tension in the cable during deceleration? What is the tension in the cable during this time? Calculate the tension in the cable supporting the elevator.
Prepare appropriate adjusting entries at december : What amounts would be reported in the income statement at December 31, 2011, as a result of these adjusting entries?
What are some good qualities about the story : What do you think the story is about? (What is the theme?) What are some good qualities about the story? Is the plot strong or does it need work? Explain. Do you identify with the characters? Why or why not? How does the main character grow or change
What is the velocity of the skateboard after the boy jumps : What is the velocity of the skateboard after the boy jumps off? How much work didi the boy do on the skateboard? If the boy exerted a force 400 N on the skatebord while he was pushing off , how long did he push for?
Determine the direction of induced current in the loop : What is the direction of induced current in the loop? How much bigger is the magnetic field at point 1.00 cm than 3.50 cm from the wire?
Find the thevenin and norton equivalent circuits : Find the values of VTH, IN, and RTH and Choose RL, such that maximum power is delivered to it and also culate this maximum absorbed power.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The income statement for a corporation for the month of

the income statement for a corporation for the month of december indicates a net income of 120000. during the same

  Compute depreciation expense on the building machinery and

On June 29, 2014, machinery included in the March 31, 2013, purchase that cost $100,000 was sold for $80,000.Herzog uses the straight line depreciation method for buildings and machinery and the sum of the years' digits method for equipment. Partial ..

  Projects fund for a multi-year capital project

What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?

  Creble company reported net income for 2011 in the amount

creble company reported net income for 2011 in the amount of 46000. the companys financial statements also included the

  Discuss the results of your customer-profitability analysis

customer profitability in a manufacturing firm. bizzan manufacturing makes a component called p14-31. this component is

  Matthew company issued 10-year 7 bonds paying semiannual

matthew company issued 10-year 7 bonds paying semiannual interest with a par value of 100000. the market rate of

  Prepare the journal entry for McKinney & Co.

In RE7-6, At the end of the first quarter of Year 2, McKinney & Co. reevaluates its receivables. McKinney & Co.'s management decides that $8,500 due from Mangold Corporation will not be collectible.

  Fixed income-common stock securities

Write a 500-word summary to accompany your matrix explaining the significance of understanding the differences between fixed income and common stock securities in terms of providing sound financial management for a corporation.

  Compute variable overhead spending and efficiency variance

Riley Labs produces various chemicalcompounds for industrial use. One compound, called Lundor, isprepared using an elaborate distilling process. The company hasdeveloped standard costs for one unit of Lundor as follows.

  Net income increased during 2011 to 125320 and to 145480

landon corporation was organized on january 2 2010 with the investment of 100000 by each of its two stockholders. net

  Examine your companys cost classification for pricing of

examine your companys cost classification for pricing of the navigation system. defend your cost classification to u.s.

  What case law is relevant to the issues raised

Whether he return on a cash or accrual basis. Whether particular amounts are ordinary income or statutory income (including capital). Under what sections of the Acts the particular amounts are assessable. How the quiz show winnings are to be treated...

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