During the year 2021, David Company purchased 1,000 shares of Goliath Company ordinary shares at P150 per share, plus transaction costs of P4,000. The shares acquired are for trading purposes. At December 31, 2021, Goliath ordinary shares are selling at P180/share. During the year 2022, David sold 400 shares at P195/share incurring P2,000 transaction costs on the sale. On December 31, 2022, the equity securities have fair value of P200/share. How much unrealized holding gain should David report in profit or loss for the year 2022?

Q: What is the depreciation expense of the equipment for 2023? what is the recoverable amount of the…

A: An asset is said to be impaired if carrying amount of an asset is higher than the recoverable…

Q: If profit and fixed cost are 80,000 and 2,80,000 respectively, the total variable cost and…

A: This question will be done in an indirect way.  As we know , at break even point there is no profit…

Q: 0 q13 which of the following is not a factor under the free cash flow to equity model a.…

A: The free cash to equity model is used for the valuation of equity and it is cash flow available for…

Q: Corrective action has been taken by an auditee immediately after the identification of a reportable…

A: Auditors may come across various errors which they may refer to the management.  Management also…

Q: Question Content Area Activity-Based Budget Olympus, Inc., manufactures three models of mattresses:…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: Samonte personally visited Banzon to inform him that he was withdrawing his offer unless Banzon…

A: The seller have its own choice about on which price the asset to be sold to the customer. Means a…

Q: Tri Fecta, a partnership, had revenues of $368,000 in its first year of operations. The partnership…

A: Ending Balance of cash can be calculated by reducing the Cash outflows from Cash inflows during the…

Q: Please find 1) Interest expense 2) cash paid 3) bonds payable Required information P10-6 (Algo)…

A: The effective interest amortization method is the method used for the amortization of the premium or…

Q: Which of the following constitutional rights is mainly violated by a tax law enacted for whereby its…

A: Constitutional rights are rights entrusted by the constitution of a country to its citizens. These…

Q: For this same problem, I need help to journalize the adjusting entries. I also need assistance with…

A: An adjusting journal entry is an entry in a company's general ledger that occurs at the end of an…

Q: For years, EML has allocated overhead based on total machine hours. A recent assessment of overhead

A: You're a well-known local management auditor: Recognition: The issue is around the Integration,…

Q: In January 2013, Edi Thomas and George Lopez agreed to produce and sell chocolate candies under the…

A: Given that, Contribution by thomas ; Cash = P580,000  Contribution by lopez ;  Building = P480,000…

Q: FINANCIAL STATEMENT ANALYSIS AND RATIO ANALYSIS The following are the balance sheet and income…

A: Financial Ratio Analysis: Financial ratio analysis is the technique of comparing the relationship…

Q: ZAD2 Nonna's Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40%…

A: Comment - Multiple Questions Asked. ZAD2 Sales- A company's sales revenue is the money it makes from…

Q: kes. to the separation of Church anc ishment of a cathedral. at 1 is true. at 2 is true.

A: The answer has been mentioned below.

Q: Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $51,400 Training…

A: Lets understand the basics.  Total activity costs is a cost incurred to perform the activity. It…

Q: Compute the amounts of expense and the related liability and equity components in each

A:

Q: Which of the following inherent limitations of the power of taxation is violated by the imposition…

A: Tax is collected by the government from the imposed taxes which has been imposed by the central…

Q: Fulton Family Farms produces $190 worth of corn and sells it to Apna Popcorn Co. Apna Popcorn Co.…

A: >Value addition is done by the businesses in various form.>A manufacturer, for example, added…

Q: a. Determine the standard unit materials cost per pound for a standard batch. Round the per unit…

A: Solution:- a)Determine the standard unit materials cost per pound for a standard batch as follows…

Q: Mercedes Corporation produces and sells coffee. It currently roasts coffee using a manual operation…

A: NPV means PV of net benefits which will be received from the project over the life of the project.…

Q: job costing system implementaion?

A: Job Costing System: The act of gathering information on the expenses associated with a particular…

Q: Chevrolet Corporation is considering replacing an obsolete machine with a new machine. The new…

A: Formula: Simple rate of return = Net Annual savings in costs / Net initial investment where, Net…

Q: FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high…

A: Working Note: Production Budget for Practice Balls: W.N.1 Production Budget Practice Ball…

Q: Question A 68-year old retiree has a pension savings of $51,000, a 401k of $58,000, and an IRA…

A: Option 2

Q: the patent is 8 years. During the year 2021, the company determined that the economic life of the…

A: The amortization expense is charged on intangible assets of the business.

Q: See the attached image for information: a. How many treasury shares are held by the corporation as…

A: Following worksheet is prepared for calculation of required information:    Date   Ordinary…

Q: Withholding is: b. A method by which the government collect taxes at the time of its A method of…

A: Taxes are the dues and liabilities which needs to be paid by the individual to the government on…

Q: Please explain further how did you come up with the formula 12,000x(6/11) in number 3.  2.…

A: The answer is stated below:

Q: Select Yes or No for each statement below: a. Information that provides feedback about prior…

A: Relevant refers to the information which is generated through the accounting system and could impact…

Q: On January 3, 2018, Brave company acquired an item of property, plant and equipment at a cost of…

A: Calculation of Accumulated depreciation till October 1, 2021 :- Depreciation per year: = (Cost -…

Q: What journal entry should be made to reflect the issuance of a $3,000 note to a creditor who has…

A: The issue is a journal entry that records the issuing of a $3,000 note to a customer. creditor who…

Q: All of the following are incorrect as to the rights of creditors regarding a business's assets…

A: Stockholders has the residual claims on the assets of the company after paying its creditors. So…

Q: Current Attempt in Progress Blossom Industries incurs unit costs of $7 ($4 variable and $3 foxed) in…

A: Marginal cost is the cost of producing one additional unit of output.

Q: any was able to acqua he low price of P50,000. ower Company constructed a road to the sil…

A: Depletion - This is an accounting technique based on accrual accounting used in the allocation of…

Q: Co. acquired 15% of the 5,000,000 shares of common stock of Tops Co. at a cost of $8.50 per share…

A: Investment in shares is the investment which is done by the investor to get gain by the increase…

Q: For each transaction, (f) analyze the transaction using the accounting equation, (2) record the…

A: (1) Accounting Equation Event Assets = Liabilities + Equity a $114,000       $114,000 b…

Q: Hercules Company purchased a computer for $4,800 on December 1. It is estimated that annual…

A: Introduction: Journals: Each and every business transactions are to be recorded in Journals.…

Q: 3. The elements of CVP analysis include the following, except a. total fixed costs. b. unit variable…

A: Lets understand the basics. CVP analysis is abbreviation of cost - volume profit analysis. It is a…

Q: "S Projects in thousands А A B C D 400 596 496 544 130 200 160 190

A: DISCOUNT PAY BACK PERIOD IS THE CAPITAL BUDGETING TECHNIQUE WHICH IS BEEN USE FOR THE SELECTION OF…

Q: Which of the following would be subtracted from net income when using the indirect method to derive…

A: The cash flow from operating activities can be computed either directly or indirectly.  The indirect…

Q: where in quickbooks will i enter it

A: In the Quickbooks, entry as per solution has to be done but the process of recording is as below:

Q: Management accounting is a subset of cost accounting. Cost accounting is a subset of both management…

A: Accounting is the process in which transactions are recorded, summarised, posted and then the result…

Q: A misstatement related to which of the following assertions means the dollar amount of the account…

A: Completeness represents that the financial statement of the company would be required to be…

Q: The book value per share of common stock of Lawrence Company is $10.500 Shares of treasury stock are…

A: Introduction: Treasury stock refers to an organization's previously issued shares of common stock…

Q: At the beginning of the question-and-answer portion of the annual shareholder’s meeting of Kemper…

A: The following formulas are used for equity method of investments:- 1. Net Investment (before sale) =…

Q: tiplex Corporation, which has been experiencing a severe cash tage. As one part of your analysis,…

A: Cash conversion cycle: It is shows that how much time taken by an Organization to convert the…

Q: Modes of extinguishing obligations when creditor abandons his right to collect.

A: You have asked four different multiple choice question and as our guidelines are concerned we…

Q: The following information pertaining to a 5-year P4,000,000 debt investment with a stated rate of…

A: As per IFRS 9, the Financial instrument, the financial asset designated at fair value through OCI is…

Q: Calculate the equivalent FW at i= 10% per year for the following net cash flow: Year Cash flow, $ 0…

A: Future Value: The worth of an investment or asset on a certain date in the future is referred to as…

Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.