User Account

All Pages

What is the total income from investments

Assignment Help Accounting Basics
Reference no: EM131633523

Question - Walker Inc. began operations on January 1, 20X5. The company reports its financial statements in accordance with IFRS. On December 31, 20X5, the company owned the following investments: Type Category Cost Fair value at year end Other 5% bonds Amortized cost $250,000 $249,000 Purchased at par on January 1, 20X5. Shares FVPL 85,000 93,000 $15,000 dividends declared in 20X5; $11,000 was received in the 20X5 fiscal year and the remaining $4,000 was received in the 20X6 fiscal year. Shares FVOCI 45,000 32,000 What is the total income from investments that Walker Inc. reported in the calculation of net income before taxes in the statement of comprehensive income for the year ended December 31, 20X5?

a) $21,500

b) $22,500

c) $31,500

d) $35,500

Reference no: EM131633523

Questions Cloud

How might it have been told differently for better or worse : How might it have been told differently, for better or worse, without these technological advancements
Identify and explain the concurrent powers : Concurrent powers are powers shared by the federal & state governments. Identify & explain the concurrent powers, as shared by both levels of the US government.
What is a bank run : What is a bank run? What are some possible withdrawal shocks that could initiate a bank run? What feature of the demand deposit contract provides deposit?
Private sector delivers a social service : What potential problems do you see arising when the private sector delivers a social service? What are the advantages of this approach to service delivery?
What is the total income from investments : Walker Inc. began operations on January 1, 20X5. What is the total income from investments that Walker Inc. reported in the calculation of net income
Monthly demand function for avocados : Given an estimated monthly demand function for avocados of Q = 104 - 40p + 20pt + 0.01Y, show how the demand curve shifts as per capita income, Y, increases.
Identify two rules that involve your role as secretary : Identify two rules that involve your role as secretary and identify one norm you expect from the committee members.
Describe the importance of having these regulations : Describe the importance of having these regulations in place when transporting hazardous materials
Is virtual freedom of speech the same : Is virtual freedom of speech the same as freedom of speech in other media outlets (i.e., freedom of the press)? Why or why not?

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