User Account

All Pages

What journal entry should company x make

Assignment Help Accounting Basics
Reference no: EM133087801

Question - Company X bought 10% of Company Y's stock for $20 million in 2016. Company Y had net income of $50 million. The fair value of the stock was $25 million at the end of 2016. Company X sold the stock for $28 million on January 1, 2017. Assume the stocks were considered to be securities available for sale. What journal entry should Company X make to adjust the stocks' value at the end of 2016?

Reference no: EM133087801

Questions Cloud

Calculate the depletion included in the income statement : Question - On January 2, 2019, Whistler Company purchased land for $450,000, Calculate the depletion included in the income statement
Consolidated omnibus budget reconciliation act : Discuss the federal insurance mandate that was enacted as part of the 1986 Consolidated Omnibus Budget Reconciliation Act (COBRA).
Challenges for healthcare managers : One of the biggest challenges for new healthcare managers/directors to understand is the payer source of the revenue side of their budgets
Anticipated president elect biden health plan : articulating the anticipated President Elect Biden Health Plan.
What journal entry should company x make : Assume the stocks were considered to be securities available for sale. What journal entry should Company X make to adjust the stocks' value
What was steinberg direct materials purchase-price variance : Decrease in direct materials inventory 290 pounds. What was Steinberg direct materials purchase-price variance and its direct materials usage variance for March
Reflecting leadership style : To get started you need to select two leaders with whom you have interacted as a follower in your personal or professional life.
Prepare the consolidation worksheet adjusting entries : Prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2016
Discuss the purposeful action of change : Discuss the purposeful action of change, including the managerial functions that you would employ to support the innovation.

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