User Account

All Pages

What would have been dominions journal entry

Assignment Help Accounting Basics
Reference no: EM131003500

Dominion Resources,Inc. is one of the nation's largest producers of energy. Corporate headquarters are in Richmond, Va. The following is an excerpt from a recent annual report.
INVESTMENT SECURITIES (IN PART)
Available-for-sale securities are reported at fair value with realized gains and losses and any other-than-temporary declines in fair value included in other income and unrealized gains and losses reported as a component of AOCI, net of tax.Dominion's statement of comprehensive income reported an "Unrealized gain on investment securities, net of $83 million tax expense of $126 million."

Required:

1. Explain how investment securities classified as available for sale are accounted for.

2. What would have been Dominion's journal entry to reflect the fair value of the investments? 

Reference no: EM131003500

Questions Cloud

Find fifth taylor polynomial for the given function : Find 5th Taylor Polynomial for function f(x) = sin(x) - x. Using known Taylor series for sin(x): sin(x) = x - (x3/3!) + (x5/5!) - .......+ ((-1)n x2n+1/(2n + 1)!) + O(x2n+3).
Did the student use local anesthesia or general anesthesia : Indicate what services were provided during the appointment. For example: data collection, oral hygiene instructions, scaling, etc.
What circumstances are blocking actions legitimate exercise : Under both President Bill Clinton and President George W. Bush, members of the opposition party in the Senate often blocked the president's nominations to district and circuit courts. Under what circumstances are such blocking actions a legitimate ex..
Patient is a do not resuscitate : You work in a hospital where there is a patient that is 85 years old on a ventilator. A nurse sees from the patient's old records that the patient is a do not resuscitate (DNR), but the physician orders full treatment, including resuscitation. The nu..
What would have been dominions journal entry : What would have been Dominion's journal entry to reflect the fair value of the investments?
Assume that a piece of equipment has a replacement cost : Assume that a piece of equipment has a replacement cost of $10,000 and an 8-year life. Calculate its annualized cost at an interest rate of 15%. Show your calculations.
What are the prime rate and the federal funds rate : What are the prime rate and the federal funds rate? What are the differences between the two: prime rate and federal fund rate?
What are the companys inventory troubles : What are the companys inventory troubles - how can Tom cure them and Johnson started to dig into the problem via a visit to each of Smithers's divisions.
How did you estimate the accuracy of your angles : Calculate the percent difference between your calculated refractive index and the expected value. Then, in you error analysis, determine if that discrepancy was to be expected based on the accuracy of your angle measurements. How did you estimate ..

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