Business, 21.02.2020 02:13 kdfawesome5582
Brooks Co. purchases various investments in trading securities at a cost of $66,000 on December 27, 2013. (This is its first and only purchase of such securities.) At December 31, 2013, these securities had a fair value of $72,000.
Prepare the December 31, 2013, year-end adjusting entry for the trading securities' portfolio.
Prepare the January 3, 2014, entry when Brooks sells a portion of its trading securities (that had originally cost $33,000) for $35,000.
Answers: 3
Business, 21.06.2019 22:00
The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?
Answers: 1
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
Answers: 3
Business, 22.06.2019 07:30
Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $
Answers: 3
Brooks Co. purchases various investments in trading securities at a cost of $66,000 on December 27,...
Social Studies, 30.11.2021 02:50
English, 30.11.2021 02:50
Mathematics, 30.11.2021 02:50
Mathematics, 30.11.2021 02:50
Social Studies, 30.11.2021 02:50
Mathematics, 30.11.2021 02:50
Mathematics, 30.11.2021 02:50
History, 30.11.2021 02:50
English, 30.11.2021 02:50
Mathematics, 30.11.2021 02:50