Record the purchase of the temporary investments for cash

Assignment Help Finance Basics

Reference no: EM13900614

During 2006, its first year of operations, Lyon Research Corporation purchased the following securities as a temporary investment:

Shares Cash Dividends

Security Purchased Cost Received

M-Labs, Inc. 1,000 $29,000 $ 900

Spectrum Corp. 2,500 45,000 1,600

a. Record the purchase of the temporary investments for cash.

b. Record the receipt of the dividends.

Reference no: EM13900614

Questions Cloud

Discuss the following statements : The Phillips curve implies that when unemployment is high, inflation is low, and vice versa. Therefore, we may ex- perience either high inflation or high unemployment, but we will never experience both together.

Record the cost of the new sprinkler system on january : Record the cost of the new sprinkler system on January 8, 2008. Record the annual depreciation expense adjusting entry for the warehouse on December 31, 2008, under the straight-line method.

What will the inflation rate be in years : Using the information in this chapter, label each of the fol- lowing statements true, false, or uncertain. Explain briefly. The original Phillips curve is the negative relation between unemployment and inflation that was first observed in the Un..

Hamara systems most recently reconciled its bank balance : hamara Systems most recently reconciled its bank balance on April 30 and reported two checks outstanding at that time, No. 1771 for $ 781 and No. 1780 for $ 1,425.90. The following information is available for its May 31, 2013, reconciliation.

Record the purchase of the temporary investments for cash : During 2006, its first year of operations, Lyon Research Corporation purchased the following securities as a temporary investment. Record the purchase of the temporary investments for cash.

How will this affect the unemployment rate in the short run : Suppose there is a reduction in income taxes. How will this affect the unemployment rate in the short run and the medium run? How about the real wage? For a given worker, how will after-tax income be affected?

How do output and the price level in the short run : What should the Fed do to prevent the unemployment rate from changing in the short run? Show how the Fed's action, combined with the decline in business confidence, affects the AS-AD diagram in the short run and the medium run.

Determine the net after-tax unrealized gain or loss : Determine the net after-tax unrealized gain or loss from holding the Lambert Acres com- mon stock for 2006 and 2007. What is the balance of Accumulated Other Comprehensive Income or Loss for December 31, 2006?

Prepare the stockholders equity section of the balance sheet : Prepare a statement of comprehensive income for 2006. Prepare the Stockholders' Equity section of the balance sheet for December 31, 2006.

User Account

All Pages