Basil Services began operations in 2007 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Prepare journal entries to record each year-end fair value adjustment for these securities.
Answer to relevant QuestionsFor each ratio listed, identify whether the change in ratio value from 2010 to 2011 is usually regarded as favorable or unfavorable. Information regarding Seaton Company’s individual investments in securities during its calendar-year 2009, along with the December 31, 2009, fair values, follows. a. Investment in Beeman Company bonds: $443,150 cost, ...Protom Company, which began operations in 2009, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities. 2009 Jan. 20 Purchased 800 shares of Ford ...SP Systems had no short-term investments prior to 2011. It had the following transactions involving short-term investments in available-for-sale securities during 2011. Feb. 6 Purchased 6,000 shares of Nokia stock at $24.75 ...Kaylee Wecker is the controller for Wildcat Company, which has numerous long-term investments in debt securities. Wildcat’s investments are mainly in 10-year bonds. Wecker is preparing its year-end financial statements. In ...
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