User Account

All Pages

What is the appropriate amount for Harry Putts

Assignment Help Accounting Basics
Reference no: EM132456516

Question - Harry Putts Tennis Academy held investments in trading securities with a fair value of $70,000 at December 31, 2014. These investments cost Harry Putts $65,000 on January 1, 2014. What is the appropriate amount for Harry Putts to report for these investments on the December 31, 2014, balance sheet?

A. 65K

B. 5K gain

C. 70K

D. Cannot be determined from the data given

Reference no: EM132456516

Questions Cloud

Explain and draw the error detection process : Explain and draw the Error Detection Process for Cyclic Redundancy Check,Draw the 16 QAM Constellation Diagram having two different amplitude
Aggregate demand and aggregate expenditure : What is the difference between aggregate demand and aggregate expenditure?
Increasing the minimal wage : Increasing the minimal wage above the market level can have significant drawbacks on the labor market, particularly increased unemployment.
Labor force by the bureau of labor statistics : The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 15 bushels of peaches and 10 bushels of pecans.
What is the appropriate amount for Harry Putts : What is the appropriate amount for Harry Putts to report for these investments on the December 31, 2014, balance sheet
Briefly explain how banks can be create money : Briefly explain how banks can be create money? Explain a demand-determined money stock?
How much is uncollectible-account expense : Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. How much is uncollectible-account expense for 2014
Resolve demand-pull inflation : Some economists argue that it is easier to resolve demand-pull inflation than it is cost-push inflation. Use the aggregate demand and aggregate supply
Emphasize in an attempt to differentiate : What sort of characteristics might a company emphasize in an attempt to differentiate its branded products

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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