Briefly discuss how a transfer of securities from the available-for-sale category to the trading category affects stockholders
Question:
Briefly discuss how a transfer of securities from the available-for-sale category to the trading category affects stockholders’ equity and income.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
When a security is transferred from one category to another the transfer ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Briefly discuss how a utility function can be assessed. What is a standard gamble, and how is it used in determining utility values?
-
Is the available for sale category for debt and equity securities used in SFAS No. 115 a homogeneous category?
-
Briefly discuss how uncertainty affects capacity decisions.
-
PWX Inc. has the following information for its years ended June 30: Required: Calculate the accounts receivable turnover and average collection period for 20X3 and 20X2. Comment on the trend. What...
-
During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs. Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs...
-
The Weyerhauser Lumber Company headquartered in Tacoma, Washington, is one of the largest timber- and wood-product companies in the world. Weyerhauser manufactures plywood at one of its Oregon...
-
DJ Slick was a radio show host on WLTO-FM, based in Lexington, Kentucky. As a promotional, he announced that he would reward loyal listeners with a chance to win one hundred grand by calling the...
-
Fast Finish, Inc. (FFI) has made a technological breakthrough in snow board finish application. FFI will apply the finish for $0.23 per unit in variable costs plus a fixed annual cost of $230,000....
-
a) Explain the difference between quantum Mechanics and Classical Mechanics b) Explain the Bohr's form of quantization of Energy [4 mks] [3 mks] c) Calculate the penetration distance for a very small...
-
1. Assume that Damon decides to start a party-planning business: a. Identify two ways he could assess the cost of goods or services sold for this business. b. Which costs, described in the case, will...
-
Explain why reclassification adjustments are necessary.
-
When is a debt security considered impaired? Explain how to account for the impairment of an available-for sale debt security.
-
A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced and sold) where C(x) = R(x) is the break-even point. Assume that each...
-
NPV calculations used a 9.0% discount rate for cash flows related to the store cash flows and a 4.0% discount rate for credit-card cash flows. Why does the company use different hurdle rates for the...
-
What are some best estimates a company can use for the acquisition of new product lines? How will Capital Budgeting impact a company's decision to potentially invest in a new company?
-
b) A factory incurred the following expenditure during the year 2011: Direct material consumed Manufacturing Wages Manufacturing overhead: Fixed Variable 3,60,000 2.50,000 12,00,000 7,00,000...
-
How can FSAs and HSAs be used to manage health-related costs?
-
Value at Risk (VaR) and Expected Shortfall (ES) are two measures of market risk employed by financial institutions and their regulators. a) VaR calculation is based on daily earning at risk (DEAR)....
-
What is the annual report, and what two types of information does it present?
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
Does it really help to run hot water over a tight metal lid on a glass jar before trying to open it? Explain your answer.
-
What are the steps to be completed in preparing the opening IFRS statement of financial position?
-
Recording transactions in the accounting system requires knowledge of the important characteristics of the elements of financial statements, such as assets and liabilities. In addition, accountants...
-
Recording transactions in the accounting system requires knowledge of the important characteristics of the elements of financial statements, such as assets and liabilities. In addition, accountants...
-
Explain how organizations use quality management systems to achieve,sustain and continuously improve quality . consider the nature of quality management and the eight-quality management principles . ...
-
Social Security will give me the following amounts per year, depending on when I retire: Age 62 $28,680/yr till death Age 65 $35,304/yr till death, and no Social Security benefit before then. Age 67...
-
Identify any FIVE challenges facing Dandiraz Electrical and explain how these could have impacted on company's business?
Study smarter with the SolutionInn App