What is the amounts of the equity investment

Assignment Help Accounting Basics
Reference no: EM131929065

Question - Entity A invested in 20,000 shares of a listed company in Oct 2017 at a cost of $3.80 per share. At 31 Dec 2017 the shares have a market value of $3.40. Entity A is not planning on selling these shares in the short term and elects to hold them as Fair Value Through Other Comprehensive Income.

Question:

What is the amounts will be recognised in the Statement of Profit or Loss for the financial asset as at 31 Dec 2017?

What is the amounts of the equity investment will be recognised in the Statement of Financial Position for the year-end of 2017?

What is the amounts of the fair value reserve will be recognised in the Statement of Financial Position for the year-end of 2017?

Reference no: EM131929065

Questions Cloud

The firm expected to pay out as dividends : What is the company's expected growth rate? what portion of its net income is the firm expected to pay out as dividends?
How political atmosphere impacts clients : In this module, you learned about social class and sexual identity. Consider how political atmosphere impacts clients and how particular legislation.
Identify where the hih management and auditors failed : Identify where the HIH management and auditors failed to perform their ethical, professional and legal obligations, and discuss motivations that motivated.
Choosing a credit card : It is almost impossible to survive without some type of credit card? Does anyone have advice on making wise decisions when choosing a credit card?
What is the amounts of the equity investment : What is the amounts of the equity investment will be recognised in the Statement of Financial Position for the year-end of 2017
Larger financial goal to avoid being discouraged : Is the best approach is to start with a small finanicial goal, and build up to a larger financial goal to avoid being discouraged?
Which mutually exclusive project : Which mutually exclusive project would you select, if Project A costs $1,000 and Project B costs $1,200 and your required return is 15% for both project.
Compare the eight financial ratios and discuss : Discuss the main product differences of Companies A and B.Compare the EIGHT financial ratios and discuss
Explain how the goals affect treatment : In 150 to 200 words, describe the goals of clinical assessment and diagnosis. Explain how these goals affect treatment.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Budgets useful in planning process

Why are budgets useful in the planning process? a) They provide management with information about the company's past performance. b) They help communicate goals and provide a basis for evaluation.

  Fowler company on july 15 sells merchandise on account to

fowler company on july 15 sells merchandise on account to coffey co. for 1000 terms 210 n30. on july 20 coffey co.

  What was the amount of revenue for july

What was the amount of revenue for July? The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been owned.

  Prepare journal entries for these transactions using a

the following transactions were incurred by dimasi industries during january 2013issued 800000 of direct material to

  Prepare a partial income statement

Prepare a partial income statement beginning with income from continuing operations before income tax, Compute net income for 2012

  You manage a real estate investment company one year ago

you manage a real estate investment company. one year ago the company purchased 10 parcels of land distributed

  Orange corporation purchased bonds basis of 350000 of its

orange corporation purchased bonds basis of 350000 of its wholly owned subsidiary green corporation at a discount. upon

  What correcting entries would need to be made to properly

What correcting entries would need to be made to properly record interest on Frosty Co.'s construction project if John and Elsa are right? What correcting entries would need to be made to properly record interest on Frosty Co.'s construction project ..

  A baker had a certain number of boxes and a certain number

a baker had a certain number of boxes and a certain number of cakes with him. initially he distributed all the cakes

  Problem relating to depreciation expense

Bateman Corporation sold an office building that it used in its business for $800,000. Bateman bought the building ten years ago for $600,000 and has claimed $200,000 of depreciation expense. What is the amount and character of Bateman's gain or l..

  Meaning of contribution margin in layman terms

Vince's assistant manager, an accounting major, has suggested that the firm should try to increase the contribution margin per pizza. Explain the meaning of "contribution margin" in layman's terms.

  Why are paid-in-capital and retained earnings displayed

Why are paid-in-capital and retained earnings displayed separately in the stockholder's equity section of the balance sheet?

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd