User Account

All Pages

What amount of unrealized loss should stone report

Assignment Help Financial Accounting
Reference no: EM133011334

Information regarding stone co. available for sale portfolio of marketable debt securities is as follows:

aggregate cost of 12/31/yr2

market value as of 12/31/yr2

Problem 1: At December 31,year 1,Stone report an unrealized loss $1500 to reduce investment to make value. This was the first such adjustment made by stone on these types of securities. There is no expected credit loss this investment. In it's year 2 statement of comprehensive income, what amount of unrealized loss should stone report ?

a 30,0000

b 20500

c 22000

d 0

Reference no: EM133011334

Questions Cloud

Identify the specific company or industry : Take 10-15 minutes to go online and find ONE news article that incorporates the results of business research in a company/industry and the impact the applicatio
What is supplies expense for the year ended december : What is supplies expense for the year ended December 31, 20x7? On January 1, 20x7 you had $14,078 in your office supplies inventory account.
Promote employability to future employers : For a first year student and studying to be a laboratory medical scientist
Literature of cognitive psychology : There is a saying from the literature of cognitive psychology that "perception is reality." How can an employee's unique perceptions impact their relationship w
What amount of unrealized loss should stone report : There is no expected credit loss this investment. In it's year 2 statement of comprehensive income, what amount of unrealized loss should stone report?
Reasons for a company to have a job evaluation system : 1. What are the reasons for a company to have a job evaluation system? (Multiple Answers)
What is the amount of total assets for sacks company : What is the amount of total assets? Accounts payable 5,000 Common stock 68,000 Retained earnings 8,000. Miscellaneous expenses 20,000 Dividends 3,000
Prepare a cash budget for the two months ending March : Assuming that the cash balance at 31/01/2019 is $8,000; prepare a cash budget for the two months ending March 31, 2012
Which an omission in the notes to the financial statements : Which an omission in the notes to the financial statements that is so serious that even a qualified opinion is not justified would result in?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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