User Account

All Pages

What pretax amounts did s&l include in its 2011 and 2012

Assignment Help Accounting Basics
Reference no: EM13996281

S&L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2011, S&L purchased Coca-Cola common shares for $875,000 and sold the shares on January 3, 2012, for $880,000. At December 31, the shares had a fair value of $873,000. When it purchased the Coca-Cola shares, S&L Financial decided to elect the fair value option for this investment. What pretax amounts did S&L include in its 2011 and 2012 earnings as a result of this investment?

Reference no: EM13996281

Questions Cloud

Explain the null hypothesis : Address the following items in 2-3 slides - explain the null hypothesis
What is the appropriate reporting category : What is the appropriate reporting category for this investment and at what amount will it be reported in the 2011 balance sheet?
Determine the stable daughter identity : Determine the stable daughter identity. If all the energy released in the beta decay went into the beta particle, determine its energy.
Taking early payment discounts from suppliers : The cost of trade credit calculator can be used to calculate the annualized cost of offering early payment discounts to customers or alternatively of not taking early payment discounts from suppliers.
What pretax amounts did s&l include in its 2011 and 2012 : What pretax amounts did S&L include in its 2011 and 2012 earnings as a result of this investment?
How much work was done by friction between b and c : How much work was done by friction between B and C? If the coefficient of kinetic friction between the mass and the rough surface is 0.53, how far will it travel before coming to rest?
What effect did this dividend have on turner : What effect did this dividend have on Turner's 2011 financial statements? Explain the reasoning for this effect.
What is the force felt by the wire when the electron passes : Suppose a single electron "travels" through the wire at 80% the speed of light. What is the force felt by the wire when the electron passes through the midpoint?
List the four steps of hypothesis testing : List the four steps of hypothesis testing, and explain the procedure and logic of each. Based on the information given for the following studies, decide whether to reject the null hypothesis. Assume that all populations are normally distributed. Fo..

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