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

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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!