Adjustment of available for sale securities to fair value, Accounting Basics

+44 141 628 6080
[email protected]

Adjustment of available for sale securities to fair value

Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.

Prepare the December 31, 2013 journal entry to record the adjustment of available for sale securities to fair value.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Find the approximate future value of initial investment

With continuous compounding at 8 percent for 20 years, what is the approximate future value of a Rs. 20,000 initial investment?

Q : The investment was accounted for by the equity

Purchased 3,500 shares of the 10,0000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted for by the equity method.

Q : Prepare in general journal form

Prepare, in general journal form, all journal entries that should have been made during the fiscal year ended June 30, 2015 to record the preceding information in the capital projects fund. Including closing entry.

Q : Which needs to be considered relating to project assets

At the termination of project, which of the following needs to be considered relating to project assets?

Q : Adjustment of available for sale securities to fair value

Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.

Q : Prepare a schedule disclosing the changes

From records available in various offices of baraga county, you find the following information about changes in long-term liabilities of the county during the year ended June, 2012.

Q : Reflection paper-personal and professional life

You are responsible to write a paper (750-1000 words) discussing what you have learned in this course and how you plan to use it in your personal and professional life.

Q : Events affecting the stockholders equity

For each of the following events affecting the stockholders" equity of Willis, indicate whether the event would: increase retained earnings (IRE), decrease retained earnings (DRE), increase common stock (ICS), or decrease common stock (DCS).

Q : Calculate the average rate of return for project

Determine the average rate of return for project that is estimated to yield total income of $400,000 over four years, cost $720,000 and has $70,000 residual value.

1947636

Questions
Asked

3,689

Active Tutors

1445264

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find the approximate future value of initial investment

Q : The investment was accounted for by the equity

Q : Prepare in general journal form

Q : Which needs to be considered relating to project assets

Q : Adjustment of available for sale securities to fair value

Q : Prepare a schedule disclosing the changes

Q : Reflection paper-personal and professional life

Q : Events affecting the stockholders equity

Q : Calculate the average rate of return for project

What is the pathophysiology of osteoarthritis

Resources about nursing profession issues in united states

List and define the seven types of elder abuse

Negative-positive feedback mechanisms in homeostasis

Manifestation of acquired condition or genetic abnormality

Describe how the uncertainty in illness theory

What is the big picture of the immune systems role

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Adjustment of available for sale securities to fair value

Reference No:- TGS0677263

Recent Questions Asked Accounting Basics

Q : Find the approximate future value of initial investment

Q : The investment was accounted for by the equity

Q : Prepare in general journal form

Q : Which needs to be considered relating to project assets

Q : Adjustment of available for sale securities to fair value

Q : Prepare a schedule disclosing the changes

Q : Reflection paper-personal and professional life

Q : Events affecting the stockholders equity

Q : Calculate the average rate of return for project

Asked Questions