User Account

All Pages

Record the fair value adjustment for these securities

Assignment Help Accounting Basics
Reference no: EM131534921

Question: On December 31, 2011, Manhattan Co. held the following short-term available-for-sale securities.

                                                                   Cost                    Fair Value

Nintendo Co. common stock . . . . . . . . . . . . . $68,900                    $75,300

Atlantic bonds payable . . . . . . . . . . . . . . . . . . 24,500                    22,800

Kellogg Co. notes payable . . . . . . . . . . . . . . . . 50,000                    47,200

McDonald's Corp. common stock . . . . . . . . . 91,400                          86,600

Manhattan had no short-term investments prior to the current period. Prepare the December 31, 2011, year end adjusting entry to record the fair value adjustment for these securities.

Reference no: EM131534921

Questions Cloud

Make berroa adjusting entry to reflect necessary fair value : Berroa Co. began operations in 2010. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below.
Discussing the elements of persuasion and power : A brief essay discussing the elements of persuasion and power. Legitimate power comes from the pecking order
Can you beat the market with public information : Can you beat the market with public information? Can you use publicly available information to help you buy something cheap and quickly sell it at higher price?
What is a particle accelerator : What is a particle accelerator? How do scientists use particle accelerators to study subatomic particles?
Record the fair value adjustment for these securities : On December 31, 2011, Manhattan Co. held the following short-term available-for-sale securities.
Construct a pedigree of the family above : Using conventional symbols, construct a pedigree of the family above, showing the mode of inheritance of white forelock (having a streak of white hair).
How would you select the people to survey : Assuming that all students attend his class that day, how many students will the instructor select to complete his questionnaire?
Discuss the short-term and long-term investments : Prepare journal entries to record the following transactions involving both the short-term and long-term investments of Sophia Corp., all of which occurred.
Develop an original research study proposal : Introduce the reader to the problem to be studied. Provide sufficient background information such that the reader has a grasp of the situation.

Reviews

Write a Review

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

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