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Q. Cash equivalents and investments?
Cash as well as cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.
SFAS 115 necessitate that certain investments in debt and equity securities be classified into one of three categories. Debt securities that the Company has the positive intent as well as ability to hold to maturity are classified as held-to-maturity and reported at amortized cost. Debt securities not categorize as held-to-maturity as well as marketable equity securities are classified as either trading or available-for-sale and are recorded at fair value with unrealized gains and losses included in earnings or stockholders' equity respectively.
stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is m
Need to get my Balance Sheet solved
Schedule of Accounts Payable Lists the balances of accounts payable ledger, and Accounts Payable controlling account demonstrates the total amount owed to ALL creditors. Th
Capital In addition to borrowing from banks and additional sources, all companies obtain finance from their owners. This money is usually accessible for the life of the busines
How do you round up to one decimal point using percentages? Example 0.207 Thanks
Company took loans of rs 400000from mbl and issued 8% debentures of rs 500000b as collateral security pass journal entries regarding issue of debentures if any and show the loan in
Classified income statement It is more involved for a merchandising business to conclude net loss or net income. Income statement is categorized into sections: 1. Revenue
Q. Explain about Cash equivalents? Cash equivalents are highly liquid short-term investments obtained with temporarily idle cash and easily convertible into a known cash amount
Q. What is Date column in journal? The first column on every journal page is for the date. Intended for the first journal entry on a page this column contains the year and mont
Q. Sales discounts and Sales returns? Sales discounts arise when the seller tenders the buyer a cash discount of 1 percent to 3 percent to induce early payment of an amount due
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