The cost and fair value of the trading securities held by AdBrand Company as of December...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The cost and fair value of the trading securities held by AdBrand Company as of December 31, 2012 are as follows: Total Fair Value Name Alcorn, Inc. Number of Shares 1,200 600 900 400 Cost per Share $10.50 9.00 4.10 7.35 Fair Value per Share $11.05 9.85 4.00 6.82 Total Cost Bristen Corp. Geston Company Quanter Company Total Required: (1) Complete the table above to find the total cost and fair value for the company's trading securities portfolio. (2) Calculate and record the required December 31, 2012 adjustment. (3) Explain how the adjustment from step (2) is reported on AdBrand's 2012 financial statements. The cost and fair value of the trading securities held by AdBrand Company as of December 31, 2012 are as follows: Total Fair Value Name Alcorn, Inc. Number of Shares 1,200 600 900 400 Cost per Share $10.50 9.00 4.10 7.35 Fair Value per Share $11.05 9.85 4.00 6.82 Total Cost Bristen Corp. Geston Company Quanter Company Total Required: (1) Complete the table above to find the total cost and fair value for the company's trading securities portfolio. (2) Calculate and record the required December 31, 2012 adjustment. (3) Explain how the adjustment from step (2) is reported on AdBrand's 2012 financial statements.
Expert Answer:
Answer rating: 100% (QA)
To complete the table and find the total cost and fair value for AdBrand Companys trading securities ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
December 31, 2018, Val d'Or Ltée held the following debt and equity investments: Instructions (a) Calculate the cost and fair value of Val d'Or's investment portfolio at December 31. (b) 1 If...
-
On January 1, 2012, Sturge Enterprises Inc., a publicly held company, held the following debt and equity investments: During the year, Sturge made the following purchases: There were no differences...
-
On December 31, 2015, Val d'Or Ltée held the following debt and equity investments: (a) Calculate the cost and fair value of Val d'Or's investment portfolio at December 31. (b) If Val d'Or...
-
Find the lengths of the curves. The curve r = a sin 2 (/2), 0 , a > 0
-
Describe what is meant by the term organizational design.
-
Load the Interactive Computer Games (ICG) Kinetic Challenge from the CRE Web site. Play the game and then record your performance number for the module that indicates your mastering of the material....
-
What is the mirror-image rule?
-
A 10.0-m3 tank contains steam at 275C and 15.0bar. The tank and its contents are cooled until the pressure drops to 1.2bar. Some of the steam condenses in the process. (a) How much heat was...
-
Pops Popcorn has three project choices for the coming year, but only $9,000 in its budget for new projects. Project 1 is a new corn seed separator that identifies grannies (seeds that do not pop when...
-
The figure is a schematic drawing of a countershaft that supports two V-belt pulleys. For each pulley, the belt tensions are parallel. For pulley A consider the loose belt tension is 15 percent of...
-
What is the mass spectra for potassium trioxalatoferrate( III ) trihydrate?n
-
Joe Kane is an analyst at Oasis Investment Group. Kane is helping the portfolio manager to select and analyze bonds for possible inclusion in the firm's bond portfolio. He selects Apple Inc., and...
-
Evaluate and discuss the contribution approach to decision making. Your explanation can be handwritten OR typed (approximately 270 words). (10 marks) ii. SEP Ltd is a specialist engineering plastics...
-
A 5 6 - kg diver jumps off the end of a 7 . 5 - m platform with an initial horizontal speed of 3 . 6 m / s . Determine the diver s total mechanical energy at the end of the platform relative to the...
-
Gamma-crystallins are eye lens proteins that maintain their conformation at ambient temperature for several days when placed in a solution that is 8 M in urea, whereas alpha-crystallins unfold in a...
-
1. Explain how organizational culture relates to organizational design in a health care institution 2.From the perspective of a new executive at a health care institution, what elements of the site...
-
Part of this assignment is locating the data on your own. You should use the IRS's Statistics of Income (SOI) data to complete the Tableau visualizations. The SOI data is available at www.irs.gov and...
-
Dawson Companys balance sheet information at the end of 2019 and 2020 is as follows: Additional information: The company did not issue any common stock during 2020. Required : Next Level Fill in the...
-
On January 1, 2011, Devco acquired cum div. all the shares of Brooke, at which date the equity and liability sections of Brookes statement of financial position showed the following balances: Share...
-
Sando Ltd. made the following sales in euros during 2013 and collected the amounts owed based on the following schedule: Required (a) Prepare the journal entries to be made during the month of...
-
Financial information for Jasmine and Lessard for the year ended December 31, 2013, is shown below: Additional information: 1. On January 1, 2012, Jasmine purchased 100% of the shares of Lessard for...
-
Wagons and Wheels Ltd is a farm machinery dealership. In recent years, the company has experienced unsatisfactory profit results because of declining sales in the area. At the suggestion of the...
-
Quick Brekkie Ltd is evaluating three comparable investments. Summary data for the three investments, each of which would be paid for in current dollars, are listed below. Required Rank the three...
-
Phone Screens and Computer Screens are two divisions operated as investment centres of Siciliano Ltd. Management wants to know which of the two earned the highest return on investment for the year...
Study smarter with the SolutionInn App