Reference no: EM132270461
Question - Jones Ventures Inc. purchased 10% of the outstanding stock of Bowie Company. Jones paid $10 per share to acquire 10,000 shares and will treat this purchase as available-for-sale securities. Par value of the stock is $1. Jones uses a calendar year, and on December 31, the market value of Bowie stock is $12 per share. What is the entry Jones needs to make on December 31?
no entry is required because the stock has not been sold
debit available-for-sale securities, $10,000; credit unrealized gain on available-for-sale securities, $10,000.
debit unrealized gain on available-for-sale securities, $20,000; credit available-for-sale securities, $20,000.
debit available-for-sale securities, $20,000; credit unrealized gain on available-for-sale securities, $20,000.
Problem of providing insurance protection
: At one time it was suggested that the problem of providing insurance protection against loss by flood be met by providing coverage against the flood peril
|
What is organizational foundation
: What is Organizational Foundation? What components are a part of it? and Why is it important to marketing?
|
What must the expected return on this stock be
: A stock has a beta of 1.06, the expected return on the market is 10 percent, and the risk-free rate is 4.95 percent.
|
Determine the equivalent units of production for March
: March 1, 2019, Green Day Company's beginning work in process inventory had 9,000 units. Determine the equivalent units of production for March
|
What is the entry Jones needs to make on December
: Jones uses a calendar year, and on December 31, the market value of Bowie stock is $12 per share. What is the entry Jones needs to make on December 31
|
Assess the financial performance of a business
: Why is it poor practice to use only one or two financial measures to assess the financial performance of a business?
|
What is the journal entry for the sale
: Fleek Dress Company previously purchased 8,000 shares of treasury stock on the open market for $8 per share. What is the journal entry for the sale
|
What is the project mirr
: A project has an initial cost of $52,425, expected net cash inflows of $15,000 per year for 11 years, and a cost of capital of 12%.
|
Begin by constructing a time line
: A project has an initial cost of $54,150, expected net cash inflows of $15,000 per year for 12 years, and a cost of capital of 10%.
|