Show how the investment will be presented on the December 31, 2014, balance sheet, assuming the carrying

Question:

Show how the investment will be presented on the December 31, 2014, balance sheet, assuming the carrying value reflected the fair value.

Cash Perlod Discount Unamortized Interest Recelved Interest Revenue Carrying Value Perlod Ending Amort. Discount Jan. 1/14 $3,510 $46,490 46,885 47,292 June 30/14 $1,000 1,000 $1,395 1,407 $395 3,115 2,708 Dec. 31/14. 407

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

See More Books

Question Posted: Jan 08, 2015 08:58 AM

See More Questions

Show how the investments will be presented on the December 31, 2014, balance sheet. Short-Term Investments.........Unadjusted Balance at Dec. 31/14 CashCo shares (21,250 shares)...
The December 31, 2013, balance sheet and the 2014 statement of cash flows for Mobley, Inc., follow: Requirement Prepare the December 31, 2014, balance sheet for Mobley,Inc. Mobley, Inc. Balance Sheet...
A voltage V is applied to a dc electric motor. The armature winding resistance is equal to R. At what value of current flowing through the winding will the useful power of the motor be the highest?...
Write as a single integral in the form J, f(x) dx:
A 0.10-m 0.20-m 0.30-m block is suspended from a wire and is completely under water. What buoyant force acts on the block?
The disk shown in Figure P28.24 is charged with electrons and spins counterclockwise when viewed from above. From this perspective, what is the direction of the magnetic dipole moment of the disk?...
MagTech assembles tape players from four major components arranged as follows: The components can be purchased from three different vendors, who have supplied the following reliability data: a. If...
19.A radioactive -emission. A detector records n -particles in 2s and by next 2s (accumulatively) it records 1.1 n -particle. Number of -particles recorded by detector after a long time, is (1) 11n...
Consider the following optical cavity in the configuration of two converging mirrors with radii of curvature R = 1 m sequestrated by d = 0.5 m. a. By drawing the until cell starting at the middle M,...
On January 1, 2014, Nickelada Inc. purchased a 4%, $50,000 Imax bond for $46,490. Interest is to be paid semi-annually each June 30 and December 31. Nickelada Inc. is planning to hold the bond until...
On January 2, 2014, Nassau Corp. paid $500,000 cash to acquire 10,000 of Suffolk Corporations 40,000 outstanding common shares. Assume that Nassau has significant influence over Suffolk as a result....
Solve the equation. 4m + 5 = 7 + 6m
In one-hundred words or less using Richard Daft and Robert Lengel's Media Richness Theory, define the theory then explain a situation where the inappropriate medium was used by YOU and what would...
A and B have decided to form a partnership. A is going to contribute a depreciable asset to the partnership as his contribution to the partnership. The following information regarding the asset to be...
I have an assignment for ACCT 320 6980Fraud Detection and Deterrence course where, can you please answer the following question below: 1. Can you please Select a current event fraud-related topic you...
A municipality needs funding for upcoming infrastructure ( water and sewer line ) repair or replacement. They issue a series of $ 1 , 0 0 0 , 6 % semiannual, 1 0 - year bonds. The bonds are initially...
Every company has its own set of needs and priorities, and when it comes to HR technology, there is no one-size-fits-all tool. At this point, there are already a lot of HR platforms and tools to...
Traffic signals are often now made of LEDs (lightemitting diodes). Amber and green ones are pictured here. (a) The light from an amber signal has a wavelength of 595 nm, and that from a green signal...
Suppose that a company has 10.000 outstanding shares in the beginning of the year. On April 1st, the company increases its shares by 6.000. On July 1st, the company increases its shares again, but...
For the last five years, Madison has worked 20 hours per week at Save Right Pharmacy. She has always been a reliable and efficient employee. When her mother became seriously ill, Madison notified...
On January 1, 2012, Ross Corporation issued $1,800,000 face value, 5%, 10- year bonds at $1,667,518. This price resulted in an effective-interest rate of 6% on the bonds. Ross uses the...
On January 1, 2012, Lehn Company issued $2,000,000 face value, 7%, 10-year bonds at $2,147,202. This price resulted in a 6% effective-interest rate on the bonds. Lehn uses the effective-interest...
On January 1, 2012, Lehn Company issued $2,000,000 face value, 7%, 10-year bonds at $2,147,202. This price resulted in a 6% effective-interest rate on the bonds. Lehn uses the effective-interest...
Can you find an article on Managing in the Digital World and summarize it? Include the reference.
What characteristics of intangible assets can you name that would explain this difference in treatment?
What two other areas in the audit can data analytics be applied other than : total sales. total number of products. total sales by product number. average margin by product number. displaying item...

Show how the investment will be presented on the December 31, 2014, balance sheet, assuming the carrying

Question:

Cash Perlod Discount Unamortized Interest Recelved Interest Revenue Carrying Value Perlod Ending Amort. Discount Jan. 1/14 $3,510 $46,490 46,885 47,292 June 30/14 $1,000 1,000 $1,395 1,407 $395 3,115 2,708 Dec. 31/14. 407

Step by Step Answer:

Longterm inves...View the full answer

Fundamental Accounting Principles Volume II

Students also viewed these Accounting questions