User Account

All Pages

Show the balance sheet presentation of the investment

Assignment Help Accounting Basics
Reference no: EM132450113

Problem - At December 31, 2017, the available-for-sale debt portfolio for Marin, Inc. is as follows.

Security

Cost

Fair Value

Unrealized
Gain (Loss)

A

$32,375

$27,750

$(4,625)

B

23,125

25,900

2,775

C

42,550

47,175

4,625

Total

$98,050

$100,825

2,775

Previous fair value adjustment balance-Dr.

740

Fair value adjustment-Dr.

$2,035

On January 20, 2018, Marin, Inc. sold security A for $27,935. The sale proceeds are net of brokerage fees.

Required -

(a) Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value.

(b) Show the balance sheet presentation of the investment-related accounts at December 31, 2017.

Reference no: EM132450113

Questions Cloud

Prepare the journal entry for Vaughn to adjust tax liability : At December 31, 2017, Vaughn Corporation had a deferred tax liability of $642,200, Prepare the journal entry for Vaughn to adjust the deferred tax liability
Describe accounting information systems : Compare/contrast the classic controls with their adaptations for technology. Have one or more of the classic controls become obsolete when applied in technology
Deal with municipal solid waste : If you oppose both options for either of these waste types, you'll need to present an alternative solution - after all, we have to dispose of it somehow!
BUSI 1324 Managing Strategy Assignment : BUSI 1324 Managing Strategy Assignment Help and Solution, University of Greenwich - Assessment Writing Service - analysis of external and internal environment
Show the balance sheet presentation of the investment : On January 20, 2018, Marin, Inc. sold security A for $27,935. Show the balance sheet presentation of the investment-related accounts at December 31, 2017
Some solar energy systems produce high temperature : Some solar energy systems produce high temperature water for industrial applications and produce steam to run turbines that generate electricity.
Why are pandas black and white : Why are pandas black and white? Where are they mostly found?
Evaluate the impact to a business : Evaluate the impact to a business when compensation, such as sales commissions and bonuses, are tied to achieving budgeted expectations
Discuss at least one additional method of displaying : Discuss at least one additional method of displaying the information and why you believe it would be a more effective method

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