Question: From the data provided below, fill in the tables. Journal entries are not required but you should document any calculations. Don't leave a box blank-use
From the data provided below, fill in the tables. Journal entries are not required but you should document any calculations. Don't leave a box blank-use "NA" to indicate that option is not applicable Date Cost Date Proceeds Market Value Market Value Equity Compasy B V1S 36,000 129 25,000 19,000 Assume all are investments in passive marketable securities with no influence or control. (3 pts) Sold 123I/XS $32000 1231/X9 14,000 NA $24.000 NA INA Current OR Long Term Balance Sheet Asset S Amount on 12/31/X8 SAmount on 12/31/X9 Balance Sheet Account Title Marketable Equity Securities Balance Sheet S Amount pretax gain (loss) List the items that impact pretax income on the 12/31/X8 income statement related to these securities (not all lines have to be used) (2 pts) Account Title List the items that impact pretax income on the 1231/X9 income statement related to these securities (not all lines have to be used) (2 pts) Account Title S Amount pretax gain (loss) c) What is the impact of the sale of Co. B on 6/1/X9 on a Direct Statement of Cash Flows? (3 pts) Section Inflow or outflow S Amount 10
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
