User Account

All Pages

What amount should blue jay report

Assignment Help Accounting Basics
Reference no: EM133137755

Question - Blue Jay Corp. began operations in 2020. An analysis of Blue Jay's equity securities portfolio acquired in 2020 shows the following totals at the end of the year. Blue Jay accounts for these investments using the fair value through net income (FV-NI) model.

Total cost: $182,400

Total fair market value: $153,600

Based on this information, what amount should Blue Jay report in its 2020 income statement for "Investment Income or Loss"?

Reference no: EM133137755

Questions Cloud

How long will it take to pay off the loan : Lush Gardens bought a new truck for $68,000. If the company makes payments of $1,525 at the end of every month, how long will it take to pay off the loan
How much should be reported as an expenditure for supplies : During the year, the city purchased $20,000 of supplies and used $18,000 of supplies. How much should be reported as an expenditure for supplies
Develop a dga classification system : Conduct an investigation on a URL database to develop a DGA classification system using machine learning techniques
Record the transactions in the general journal : Common shares, unlimited number of shares authorized, 27,500 shares issued and outstanding 261,250. Record the transactions in the general journal
What amount should blue jay report : Based on this information, what amount should Blue Jay report in its 2020 income statement for "Investment Income or Loss"
Questions for walmart-toyota : Please help with the questions for Walmart & Toyota
What is current required return for bailey clothiers stock : the formula for price is P = ((D0)(1 + g)) / (Required Return less risk premium) what is the current required return for Bailey Clothiers' stock
Identity of the third party : What, if any, role was played by third parties in resolving this bargaining dispute? What was the identity of the third party?
What is meant by learning organization : Alva founded this business without any knowledge about employee orientation, training and development. She started as a sole proprietor and then incorporated he

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the equity balance in your account

Assume the price of each stock is follows for the next three months (month end). Compute the equity balance in your account for each month

  Jack and jill share income and losses in a 21 ratio after

jack and jill share income and losses in a 21 ratio after allowing for salaries to jack of 12583 and 35364 to jill. if

  Prepare separate depreciation schedules for each machine

Actual hours of use in the first 3 years were: 2019, 400; 2020, 4,320; and 2021, 4,710. Prepare separate depreciation schedules for each machine

  What effect would the policies have on the company

While the payables deferral period would remain unchanged at 35 days. What effect would these policies have on the company's cash conversion cycle?

  Bobby hooks, licensed master plumber

Bobby Hooks, licensed master plumber, had the following transactions and events during his first month of business. Prepare journal entries to record them.

  What will be the proceeds of the note receivable

The note requires interest payments on June 30 and December 31. Refer to Bosworth Corporation. What will be the proceeds of the note receivable

  Discuss what issues should be considered when deciding

What issues should be considered when deciding whether to eliminate a product line

  Compute overhead rates for each of the three activities

A company has two products: standard and deluxe. Compute overhead rates for each of the three activities

  Record payment of the note and interest at maturity

Nowell Brands, Inc., borrowed $6,400,000 cash from Bank of America to meet short-term obligations. Record payment of the note and interest at maturity

  Give all necessary journal entries for Moxy

Moxy's Restaurant Supplies Ltd. issued $1,800,000, 7%, 10-year bonds on January 1, 2021. Give all necessary journal entries for Moxy

  Describe career options someone with an accounting education

Describe at least two career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.

  Compute the projects net present value

Compute a schedule of depreciation for the plant and equipment, Compute the projects net present value

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