go to this address to get the tutorial: http://homeworkfox.com/tutorials/business/510/acc-423-week-3-wileyplus-assignment-exercises/ ACC 423 Week 3 WileyPlus Assignment - Exercises Business - Accounting E17-7 (Trading Securities Entries) On December 21, 2010, Zurich Company provided you with the following information regarding its trading securities. December 31, 2010 Investments(Trading) Cost Fair Value Unrealized Gain (Loss) Stargate Corp. stock $20,000 $19,000 $(1,000) Carolina Co. stock 10,000 9,000 (1,000) Vectorman Co. stock 20,000 20,600 600 Total Portfolio $50,000 $48,600 (1,400) Previous securities fair value adjustment balance -0- Securities fair value adjustment—Cr. $(1,400) During 2011, Carolina Company …show more content…
Brooks' 12% ownership of Norton Industries has a current market value of $22,225,000. Prepare the appropriate adjusting entries for Brooks as of December 31, 2010, to reflect the application of the “fair value†rule for both classes of securities described above. Prepare the entries for the Norton investment, assuming that Brooks owns 25% of Norton's shares. Norton reported income of $500,000 in 2010 and paid cash dividends of
Then the Partnership DISTRIBUTES to Partner A the property contributed by Partner B, only THEN will you have tax consequences. The general rule is that there are NO tax consequences when a Partner receives NON-cash Property.
| One guideline for working with forms is to display ____ fields in a distinctive way, and prevent users from changing and updating them. c.
I registered to take SEPS 405 summer 2015, but I had to drop it. I was having problems with finding a intern. job. My assigned director was Sharon Davis due to a glitch in the system but it should have been you. Sharon would have taken 195 hours and I would have to work 15 hours a week until the semester was over. Would this still be okay? I wanted to know, so I can present this to possible jobs. I will be registering to take it summer 2016. Hopefully you are still the correct person to speak with in regards to this matter. If not, can you please point me in the right direction.
Before diving directly into the article from the Governmental Accounting Standards Board (GASB) titled Governments to Report Liabilities Connected with Their Obligations to Clean Up Pollution (2006), one must first take a step back and take time to read, comprehend, and take to heart exactly what this organization stands for. Taken directly from their main web page under the tab labeled Education, the first thing seen in big, bold, blue letters is, “Due Process: The GASB Is Listening” followed by a definition of what listening means, “to hear with thoughtful attention”. When researching a little more into the GASB, it is easy to see how crucial listening truly is for them in order to fully accomplish their
Generally, workers’ compensation cases for medical providers settle around 50-70% of the billed amount. This obviously depends on the items billed, modifiers used, and other specifics in the case.
In the poverty simulation I played the role of a 16-year-old girl named Connie Chen who was 7 months pregnant. My father had just gotten laid off from his job and my mother was the only one bringing in income for our family. Our monthly expenses exceeded our income which forced us to choose between basic necessities. Cultural considerations weren’t mentioned in our packet, but since we were of Chinese decent it is possible a lack of knowledge in navigating the U.S health system would be a barrier to receiving necessary healthcare. The Chinese culture also puts less emphasis on individual feelings and more emphases on loyalty to the family, making it important to include the whole family in decision making.
1) Complete summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.
Access the "Litigation" section of the SEC's website at www.sec.gov/litigation.shtml. Click on "Accounting and Auditing Enforcement Releases." Click on "AAER-3234" filed January 20, 2011. Read the release and the related SEC Complaint. Summarize the release and complaint in 2-3 pages (12-point, double spaced).
4. The case indicates that the company’s “market value” of equity at June 30, 1999 was $460 billion. Compare this to the company’s “book value” of equity. What factors likely explain the difference between these two values?
3. Compare the mean baseline and posttest depression scores of the experimental group. Was this an expected finding? Provide a rationale for your answer.
Chapter 7, Exercise #8. Below are sentences that might be spoken between two friends chatting informally. For each, state what the nonabbreviated full sentence in SAE would be. In addition, state in your own words (of formally if you wish) the rule or rules that derived the informal sentences from the formal one. a. Where’ve ya been today?
Morris Mining Corporation owns and operates mining facilities that are located in the United States, and Canada. This company primarily distributes extracted ores and minerals to their customers. Recently, in January 2015, Morris Mining acquired the mining company King Co. Once the company has been acquired, Mining Morris plans to record the difference of the purchase price and identifiable net assets as goodwill. The identifiable assets and liabilities of King Co. are going to be recorded at fair value on Morris Mining 's books. There has been discussion as to how the company is going to report the fair value for the patent that is part of the assets they acquired from King Co. Rob, an audit manager on the Morris Mining engagement, and Gabriela, the audit senior, are trying to evaluate if the method of the fair value estimate it reasonable.
Able to create indirect questions from Wh-questions especially (Could/Can you tell me and Do you know).
Applying the specific interest method, the interest rate on any construction related debt is used up to the amount of the construction debt and any excess average accumulated expenditures is multiplied by a weighted-average interest
Explain how the imposition of tariffs and quotas may restrict international trade and protect domestic industries.