Question: Kruger Corporation has the following long term investments 1 Common stock
Kruger Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities cost $108,000, fair value $115,000. (2) Common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000. Prepare the investments section of the balance sheet.
Relevant QuestionsPresented below are two independent situations:1. Edelman Inc. acquired 10% of the 500,000 shares of common stock of Schuberger Corporation at a total cost of $11 per share on June 17, 2014. On September 3, Schuberger ...Hulse Company had the following transactions pertaining to stock investments.Feb. 1 Purchased 600 shares of Wade common stock (2%) for $7,200 cash.July 1 Received cash dividends of $1 per share on Wade common stock.Sept. 1 ...Uttinger Company has the following data at December 31, 2014.The available-for-sale securities are held as a long-term investment.Instructions(a) Prepare the adjusting entries to report each class of securities at fair ...On December 31, 2014, Bly Associates owned the following securities, held as long-term investments.On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or ...(a) What is the present value of $30,000 due 8 periods from now, discounted at 8%? (b) What is the present value of $30,000 to be received at the end of each of 6 periods, discounted at 9%?
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