Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On February 15, Jewel Company buys 6,500 shares of Marcelo Corp. common at $28.68 per share plus a brokerage fee of $470. The stock is classified as available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.45 per share less a brokerage fee of $325. The fair value of the remaining shares is $29.65 per share. The amount that Jewel Company should report in the equity section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is (Round your intermediate and final dollar values to the nearest dollar amount):
$9,742.
$7,800.
$2,918.
$5,835.
$1,942.
Highlight tmpohe three most irtance AIS concepts you learned and how these concepts changed your understanding of AIS. Use examples.
The contract with the supplier states that the acceptable quality level is 5% defective. The lot tolerance proportion defective is 20%, the producer’s risk is 10%, and the consumer’s risk is 20%. Develop an acceptance sampling plan for Joshua that..
Evaluate tire city's financial health,how well is the company performing
The SIMPLEX financial system is characterized by a required reserves ratio of 11 percent; initial excess reserves are $1 million, and there are no currency or other leakages.
Why are control account balances reported in external financial statements while subsidiary account balances are not? Are subsidiary account balances useful to anyone? Who?
Calculate amount of dividends in arrears on Zeta’s preferred stock and briefly explain how this amount will be known to investors and creditors who may use the company’s fin ancial statements.
During 2010, Sensa Corporation incurred operating expenses amounting to $100,000 of which $75,000 was paid in cash; the balance will be paid in January 2011. Transaction analysis of operating expenses for 2010 should reflect only the following.
What accounting advice would you give concerning the accounts receivable balance of $9,800,000 at December 31, 2013? Explain to Mr. Gerrard why his statement that "1 don't want to be selling anything at a loss" does not make economic sense.
Identify each cost as direct materials, direct labor, factory overhead, selling expense, or administrative expense
Does it matter what is generating the cash flow? What if they collect receivables quickly and sit on accounts payable as long as possible?
What was Thumb's book value of the total assets (not net assets) transferred to New Company?- What amount did Thumb report as its investment in New after the transfer?
in early 1990boeing co. decided to gamble 4 billion to build a new long distance 350-seat wide body airplane called the
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd