Reference no: EM133011482
Question -
Exercise 1: On December 31, 2017, Norton Company holds 100,000 shares of Doux Corp. with market value of $15,250,000 and originally acquired at a total amount of $15,000,000. The investment is classified as fair value through profit or loss. On July 1, 2018, Norton Company purchased 30,000 additional shares of Doux Corp. at $152.30/share. On December 31, 2018, a share of Doux Corp. has a fair value of $153/share. What is the gain or loss from change in fair value to be recognized in profit or loss in 2018? Is it a gain or loss?
Exercise 2: On December 31, 2017, Tuwae Inc. holds 50,000 shares of Nail Corp. with market value of $6,300,000 and originally acquired at a total amount of $5,900,000. The investment is classified as fair value through other comprehensive income. On March 1, 2018, a 3-for-2 stock split was completed by Nail Corp.; On September 30, 2018, Tuwae sold 21,000 shares of Nail Corp. for its fair value of $73/share. On December 31, 2018, a share of Nail Corp. has a fair value of $75/share. What is the balance of Unrealized Gain or Loss? Determine the Other Comprehensive Income to be transferred to Retained Earnings the sale of the investment on September 30, 2018? Write whether it's a credit or debit.
|
What amount should tolvin report as capitalized interest
: During 2017, Tolvin made progress payments totaling $5,000,000 under the contract, What amount should Tolvin report as capitalized interest
|
|
Incidents of stereotyping in the workplace
: What can managers do to reduce the incidents of stereotyping in the workplace?
|
|
Solve economic order quantity for cheeseburger company
: Solve Economic Order Quantity. Cheeseburger and Taco Company purchases 16,705 boxes of cheese each year. It costs $27 to place and ship
|
|
What single payment six months from now be economically
: What single payment 6 months from now would be economically equivalent to payments of $600 due (but not paid) four months ago and $900 due in 12 months?
|
|
What is the balance of unrealized gain or loss
: On December 31, 2017, Tuwae Inc. holds 50,000 shares of Nail Corp. with market value of $6,300,000. What is the balance of Unrealized Gain or Loss
|
|
Explain why is meant by the utilitarian perspective
: Outline and explain why is meant by the Utilitarian perspective. Explain how the behaviour of OzHarvest could fit within this moral philosophy.
|
|
Which select the most accurate statement
: Which select the most accurate statement. Upstart, Inc. raises capital for its operations by offering unsecured promissory notes in $1,000 denominations.
|
|
Where is the nucleus of a neuron located
: Where is the nucleus of a neuron located?
|
|
How would job description be used by hr department
: Select a job of your choice and create a new job description that includes a job summary, the job duties, and responsibilities, and the job specification.
|