Solution-Which equals their market value

Which equals their market value

Assignment Help Accounting Basics

Reference no: EM131106554

1. Cole Inc. owns shares of Marlin Corporation stock classified as available-for-sale securities. At December 31, 2010, the available-for-sale securities were carried in Cole's accounting records at their cost of $875,000, which equals their market value. On September 21, 2011, when the market value of the securities was $1,200,000, Cole declared a property dividend whereby the Marlin securities are to be distributed on October 23, 2011, to stockholders of record on October 8, 2011. Prepare all journal entries necessary on those three dates.

Reference no: EM131106554

Questions Cloud

Computco sells high-end computer workstations : Computco sells high-end computer workstations. The demand for its workstations during a month follows a normal distribution, with a mean of 400 and standard deviation of 100.

Use simulation to estimate the average annual cost : Lowland Appliance replenishes its stock of 52-inch flat-screen TVs three times a year. Each order takes 1/9 of a year to arrive. Annual demand for these TVs follows a normal distribution with a mean of 990 and a standard deviation of 40.

Prepare the april 20 and june 1 entries for graves : Graves Mining Company declared, on April 20, a dividend of $500,000 payable on June 1. Of this amount, $125,000 is a return of capital. Prepare the April 20 and June 1 entries for Graves.

Calculate nwc''s free cash flow for 2009. : Based on the final forecast, calculate NWC's free cash flow for 2009. How does this FCF differ from the FCF forecasted by NWC's initial "business as usual" forecast?

Which equals their market value : Cole Inc. owns shares of Marlin Corporation stock classified as available-for-sale securities. At December 31, 2010, the available-for-sale securities were carried in Cole's accounting records at their cost of $875,000, which equals their market valu..

How does nwc compare with the average firm in its industry : How does NWC compare with the average firm in its industry, and is the company's financial position expected to improve during the coming year? Explain.

Prove that a topological space x is connected : Prove that a topological space X is connected if and only if every continuous map from X to the rational numbers Q (topologized as a subspace of the real line) is constant

Sales department believes that sales during the next year : Every four years, Blockbuster Publishers revises its textbooks. It has been three years since the best-selling book The Joy of Excel has been revised.

Determining the shares of stock : The underwriters charge a 7.8 percent spread, the administrative costs are $411,000, and the offer price is $35 per share. How many shares of stock must be sold if the firm is to raise the funds it desires?

User Account

All Pages

Which equals their market value

Reference no: EM131106554

Reference no: EM131106554

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT