Exam 1

Q1: How much is the balance in the Valuation Adjustment account as of December 31, 2020? Q2: How much is the reportable amount of Investments - Trading Securities as of December 31, 2020?

Q1: How much is the reportable amount of Investments - Trading Securities as of December 31, 2019? Q2: How much is the unrealized gain (loss) to be recohnized in P/L for 2020?

What is the debt-to-asset ratio of Company B in 2022?  What is the debt-to-equity ratio of Company A in 2021

Topic: Investment Prepare all necessary entries and provide all financial statements

Additional information:1. Held-to-maturity securities (long-term investment) carried at a cost of $43,000 on December 31, 2021, were sold in 2022 for $34,000. 2. Equipment that cost $50,000 and 80% depreciated was sold in 2022 for $8,000.3. Net income was $46,000 and $50,000 for 2022 and 2021, respectively.4. Dividends paid amounted to $10,000.5. A building was purchased at $500,000 on December 31, 2022 by issuing common stock at par 6. Transactions other than the purchase of a building were made in cash.Prepare a statement of cash flows for the year 2022. Use the indirect method for the operating activities.*Be sure to prepare the investing and financing activities as well.

Question: Akers Company invests its excess cash in marketable securities. At the beginning of 2019, it had the following portfolio of investments in trading debt securities: SecurityPar ValueAmortized Cost12/31/18 Fair ValueIvan Company 5% bonds, maturing on Dec. 31, 2028$10,000$8,400$9,400Taylor Company 6% bonds, maturing on Dec. 31, 2023$40,000$43,200$41,800Totals$51,600$51,200During 2019, the following transactions occurred: Mar. 31Purchased Hill Company 8% bonds with a face value of $20,000 for $20,000 plus accrued interest; interest is payable on the bonds each June 30 and December 31.Mar. 31Sold the Taylor Company investment for $42,000 plus accrued interest. The Taylor bonds pay interest on December 31 of each year.June 30Received the semiannual interest on the Hill Company bonds.Dec. 31Received the annual interest on the Ivan Company bonds and the semiannual interest on the Hill Company bonds.The December 31 closing market prices were as follows: Ivan Company bonds, $9,000;…

Question 1: The entry to correct the interest income for 2022 includes a debit tothe investment account of how much?  Question 2: How much is the amortization for 2023? Question 3: how much is the gain or loss on sale as of December 31, 2022?

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Current Attempt in Progress Oriole Company has these data at December 31, 2022, the end of its first year of operations. Debt Securities Trading Available-for-sale (a) Cost $120,900 (1) 100,400 The available-for-sale securities are held as a long-term investment. (2) Fair Value $125,900 98,400 Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit

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Find earnings per share 2019

Adjusting AFS Debt Securities to Fair Value A portfolio of investments of available-for-sale securities held by Dow Inc. is as follows.   Dec. 31, 2020 Cost Fair Value Eastern Corp. bonds $204,000 $217,600 Western Corp. bonds 340,000 348,500 Total $544,000 $566,100     Dec. 31, 2021 Cost Fair Value Eastern Corp. bonds $204,000 $238,000 Western Corp. bonds 340,000 323,000 Total $544,000 $561,000 The Fair Value Adjustment account had a $0 balance on January 1, 2020. No sales or purchases took place in the available-for-sale investment portfolio in 2020 and 2021. a. Record the adjusting entry on December 31, 2020, to adjust the debt investments to fair value.   Date Account Name Dr. Cr. Dec. 31, 2020                 b. Record the adjusting entry on December 31, 2021, to adjust the debt investments to fair value. .  Date Account Name Dr. Cr. Dec. 31, 2021               c. Indicate how the adjustment to fair value in (b) would be…

How do I determine how the firm is financing investment in assets? Based on Lowe's 2019 balance sheet Long-term Debt – $16,768mil Common Stock, $.50 par value $381mil Preferred Stock, $5 par value, none issued  What would this mean to an investor?

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Metlock Corporation has the following trading portfolio of debt investments as of December 31, 2020. Security Cost A $16,340 B 18,920 C (a) 29,240 $64,500 (b) Fair Value $12,900 On January 22, 2021, Metlock Corporation sold security C for $27,520. List of Accounts 23,220 Prepare the adjusting entry for Metlock Corporation on December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Save for Later 24,940 $61,060 eTextbook and Media Date Account Titles and Explanation Dec. 31 METLOCK CORPORATION Balance Sheet (Partial) METLOCK CORPORATION Income Statement (Partial) Debit Indicate the balance sheet and income statement presentation of the fair value data for Metlock Corporation at December 31, 2020. $ Credit Attempts: unlimited Submit Answer

1. What is the total carrying value of the investment in bonds at year end 2020?

Investment in FAFVTPL, FAFVTOCI, and FA@AC Your audit of the Baliuag Corporation disclosed that the company owned the following securities on December 31, 2019:   FAFVTPL: Security                                                     Shares            Cost            Fair value Sputnik, Inc.                                                4,800         P 72,000         P 92,000 Explorer, Inc.                                               8,000          216,000           144,000 10%, P100,000 face value, Vanguard bonds (interest payable semiannually on Jan. 1 and Jul. 1)                                   79,200             81,720 Total                                                                                P 367,200      P317,720   FAFVTOCI: Security                                                     Shares            Cost             Fair value Score Products                                          16,000         P 688,000      P 720,000 Tiros, Inc.…

Assume the following is a portion of the investment footnote from MetLife’s 2016 10-K report. Investment earnings are a crucial component of the financial performance of insurance companies such as MetLife, and investments comprise a large part of Metlife’s assets. MetLife accounts for its bond investments as available-for-sale securities. a. $223,926 million, $8,329 million gainb. $230,050 million, $6,124 million gainc. $223,926 million, $6,124 million gaind. $230,050 million, $2,205 million loss

Help me answer this A. Marketable securities for general aviation inc for 2020 B. Accounts receivable for general aviation inc for 2020 C.Inventory for general aviation inc for 2020