Valuation allowance for trading investment

Assignment Help Financial Management

Reference no: EM13813557

On January 1, 2015, Valuation Allowance for Trading Investment has a zero balance. On December 31, 2015, the cost of trading securities portfolio was $64,200, and the fair value was $67,000.

Prepare the December 31, 2015, adjusting journal entry to record the unrealized gain or loss on trading investments.

Reference no: EM13813557

Questions Cloud

Determine the types of monitoring : Determine the types of monitoring

What is the required monthly leasing cost for each unit : A 30-unit apartment building should last 35 years, when it will need to be either replace or undergo major renovation. Assume the building’s value at 35 years will be 10% of its construction cost. Assume it will be sold, and that the land’s cost will..

Find the time taken by the stone to reach the ground : Find the time taken by the stone to reach the ground. and the speed with which it hits the ground

How does memory affect the accuracy of eyewitness : How does memory affect the accuracy of eyewitness identification? What are some police procedures and legal rules that can reduce the inaccuracy of eyewitness identification

Valuation allowance for trading investment : On January 1, 2015, Valuation Allowance for Trading Investment has a zero balance. On December 31, 2015, the cost of trading securities portfolio was $64,200, and the fair value was $67,000. Prepare the December 31, 2015, adjusting journal entry to r..

Customer relationship management : Customer Relationship Management

Evaluating the financial aspects of same agency : Write a 700- to 1,050-word paper evaluating the financial aspects of the same agency or organization you used in previous assignments.

The sludge dewatering processes : Yellow jacket, Inc., a large textile company, is trying to decide how long it should retain one of its machines used in the sludge dewatering processes. The machine currently is estimated to have a $35,000 market value and a future market value of $1..

Determine the conventional B-C ratio : The cost of building Runyang Bridge in China, the world's third longest suspension bridge, was approximately $5 million. The indefinite upkeep costs are estimated to be $403,777 per year. Annual benefits of $340,000 and annual disbenefits of $41,000 ..

User Account

All Pages