When should a company follow the market-value method for accounting investments?
Question:
When should a company follow the market-value method for accounting investments?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
The marketvalue method also known as the fair value method is an accounting method for valuing investments at their current market value Companies may choose to use this method to account for their in...View the full answer
Answered By
Darwin Romero
I use a hands-on technique and am approachable to my students. I incorporate fun into my lessons when possible. And while my easy-going style is suitable for many subjects and grades, I am also able to adapt my style to the needs of the student. I can describe myself as friendly, enthusiastic and respectful. As a teacher, we can easily get respect from the students if they would feel respected first
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
Question Posted:
Students also viewed these Business questions
-
The State of Connecticut unfortunately has no major professional sports team. Hartford because of location, population, highways, an airport, and prior sports history is a suitable city to host a...
-
On January 1, Intergen, Inc., invests $200,000 for a 40% interest in Ryan, a new joint venture with two other partners, each investing $150,000 for 30% interest. Intergen plans to sell all of its...
-
Simington Corporation is a chemical manufacturer that produces two main products, Pepco-1 and Repke-3, and a by-product, SE-5, from a joint process. If the company had the proper facilities, it could...
-
The following list shows the top six pharmaceutical companies in the United States and their sales figures ($ millions) for a recent year. Use this information to construct a pie chart and a bar...
-
During the 2012 Republican presidential primary campaign, Senator Rick Santorum proposed cutting the corporate tax rate from 35 percent to zero for manufacturers but only to 17.5 percent for other...
-
A firm relies on R&D to maintain profitability. The firm needs to determine the maximum amount to invest today (or invest in phase I) for its three-phased project. Phase I: Research. (Invest R{)...
-
What we do if there are too many steps in a normal flow?
-
Presented below is the income statement of Cowan, Inc.: Sales ................$380,000 Cost of goods sold .......... 225,000 Gross profit .............$155,000 Operating expenses .......... 85,000...
-
Any areas of opportunity in terms of product categories, marketing, or target audiences that would expand that brand "Vision Streetwear". what are 3 key strengths of the brand to highlight and expand...
-
Kenny Young has started his own business, Home and Away Inspections. He inspects property for buyers and sellers of real estate. Young rents office space and has a part- time assistant to answer the...
-
Metallic Paints reported wage and salary expenses of 77,500 on its 2020 income statement. It reported cash paid to employees of 68,000 on its statement of cash flows. The beginning balance of accrued...
-
Cost of goods sold for Metallic Paints during 2020 was 200,000. Beginning inventory was 32,000 and ending inventory was 44,500. Beginning trade accounts payable were 6,500 and ending trade accounts...
-
Which of the following media may be treated as conducting at 8 MHz? (a) Wet marshy soil ( = 15 o , = o, a = 10 2 S/m) (b) Intrinsic germanium ( = 16e o , = o , = 0.025 S/m) (c) Sea water ( = 81 o...
-
During 2021, Bismuth Cartridge Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was Bismuth's...
-
What does "equal justice under law" mean to you?
-
What is the difference between an Article III and an Article I court?
-
Who has the Burden of proving a witness is Competent to take the stand?
-
what is the rationale for having a separate 'juvenile' criminal justice system ?
-
Explain how current economic indicators such as inflation and unemployment affect you personally. Explain how they will affect you as a manager.
-
What is a make-or-buy decision?
-
All sales of Tracys Jeans and Uniforms (TJU) are made on credit. Sales are billed twice monthly, on the fifth of the month for the last half of the prior months sales and on the twentieth of the...
-
Green Lighting Supply plans inventory levels (at cost) at the end of each month as follows: May, $271,000; June, $226,000; July, $209,000; and August, $241,000. Sales are expected to be June,...
-
Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inventory. At the end of any month, the inventory should be 15,000 plus 90% of the cost of goods to be sold...
-
Indicate whether the following statement is true or false and explain why Managerial accountants explain and report manufacturing and non-manufacturing costs and determine cost behaviours, but are...
-
Indicate whether the following statement is true or false and explain why Managerial accounting reports must follow generally accepted accounting principles and are audited by chartered professional...
-
what is the difference between the types and frequency of reports between financial and managerial accounting?
Study smarter with the SolutionInn App