Reference no: EM132598652
Question 1) On January 2, Yorkshire Company acquired 33% of the outstanding stock of Fain Company for $360,000. For the year ended December 31, Fain Company earned income of $94,000 and paid dividends of $29,000.
Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.
Question 2) On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $69,200, and the fair value was $70,700.
Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments.
Question 3) On January 1, Valuation Allowance for Available-for-Sale Investments had a zero balance. On December 31, the cost of the available-for-sale securities was $99,000, and the fair value was $101,710.
Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31.
|
What is the main group of cancer-causing genes
: What is the main group of cancer-causing genes to which this gene belongs?
|
|
Journalize entries to record the year one
: Journalize entries to record the Year 1, The semiannual interest received on November 1., The initial acquisition of the bonds on May 1.
|
|
Identify some factors that influence shape of yield curve
: Identify some factors that influence the shape of the yield curve. Describe how financial market participants use the yield curve to make decisions.
|
|
Major groups of genes
: Create a TWO major groups of genes that when mutated can cause canceroncogenesproto-oncogenestumor-suppressor genes
|
|
Prepare the entries for yorkshire company for the purchase
: Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.
|
|
Determine the dividends in arrears
: Assume that the maximum cash dividend the company can pay in 2017 is $212,000, determine the dividends in arrears, if any, at December 31, 2017
|
|
Climate envelope model
: Which is the safest to assume in the climate envelope model? Adaptation does not occur.
|
|
How do prepare the journal entries for the original purchase
: How do Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Purchased for cash $72,000 of Iceline, Inc. 9%
|
|
Compute the interest rate implicit in the lease
: Using the provisions of IFRS 16, Compute the interest rate implicit in the lease (rounded off to the nearest integer) using trial rates of 3% and 7%
|