Provide the necessary journal entries for 2020

Assignment Help Financial Accounting

Reference no: EM133340967

Question: Vincent Van Gogh company purchased $100,000 par value, 10%, ten-year bonds on January 1,2020, when the market rate was 11%. It classified this investment as available for sale. Interest is payable annually on December 31st. On December 31st, 2020, the fair value of the investment was $97,500. The company did not invest in any additional available for sale securities in 2020. Provide the necessary journal entries for 2020. Indicate whether any unrealized gains/losses are reported in net income or other comprehensive income.

Reference no: EM133340967

Questions Cloud

How can anyco become more adaptable : how can AnyCo become more adaptable, flexible, and innovative so it can deliver competitively better, faster, costeffective products and services

Determine and describe fully the required change : Determine and describe fully the required Change Management intervention(s) necessary to attain organizational effectiveness and provide the theoretical

Create a pl-sql function : Create a PL/SQL function that calculates the salary ranking of the faculty based on the current minimum and maximum salaries for faculties in same department.

Identify your top values and incorporate them : Does this help you to understand others better and Have you had any shifts or changes in your moral or ethical outlook

Provide the necessary journal entries for 2020 : Provide the necessary journal entries for 2020. Indicate whether any unrealized gains/losses are reported in net income or other comprehensive income.

Identify two learning areas : Identify two learning areas/concepts/ subjects u could focus on to creatiblvely extend children learning and development using the nursery rhyme. Rewrite the

Create a new exception object called explicit language : Create a new Exception object called ExplicitLanguageException. This exception should be optional for the developer to handle.

What is contingency funding why is it so important : What is contingency funding? Why is it so important? Loans are the dominant earning asset at most commercial banks. A loan policy is required since all loans

How can a governance and accountability framework can help : How can a governance and accountability framework can help to develop long-term value for the company and ensure it meets performance expectations set forth

User Account

All Pages