Please help me Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on theincome statement:Gains (losses) from sale of securitiesUnrealized holding losses on valuation of securitiesUnrealized holding gain on valuation of securitiesAt January 1, 2027, Vaughn owned the following securities:BKD Common (16,000 shares @ $32)LRF Preferred (2,400 shares @ $106)1.2.(b)2024$14,100(25,100)Cost$512,000254,400During 2027, the following events occurred:Sold 4,700 shares of BKD for $164,500.Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000.At 12/31/27, the fair values for Vaughn's investments were:BKD Common, $30 per shareLRF Preferred, $111 per shareHorton Common, $44 per shareAggregate costAggregate fair value $2025$(20,900)10,4002026$13,800(14,700)Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27.

The cost of securities can be calculated by the no of securities held multiplied by cost of the…

Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: Gains (losses) from sale of securities Unrealized holding losses on valuation of securities Unrealized holding gain on valuation of securities At January 1, 2027, Vaughn owned the following securities: BKD Common (16,000 shares @ $32) LRF Preferred (2,400 shares @ $106) During 2027, the following events occurred: 1. 2 (b) Cost $512,000 254,400 At 12/31/27, the fair values for Vaughn's investments were: BKD Common, $30 per share LRF Preferred, $111 per share Horton Common, $44 per share 2024 $14,100 $(20,900) (25,100) Aggregate cost $ Aggregate fair value $ 2025 - Sold 4,700 shares of BKD for $164.500. Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000 10,400 2026 Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27. $13,800 (14,700)

Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: Gains (losses) from sale of securities Unrealized holding losses on valuation of securities Unrealized holding gain on valuation of securities At January 1, 2027, Vaughn owned the following securities: BKD Common (16,000 shares @ $32) LRF Preferred (2,400 shares @ $106) During 2027, the following events occurred: 1. 2 (b) Cost $512,000 254,400 At 12/31/27, the fair values for Vaughn's investments were: BKD Common, $30 per share LRF Preferred, $111 per share Horton Common, $44 per share 2024 $14,100 $(20,900) (25,100) Aggregate cost $ Aggregate fair value $ 2025 - Sold 4,700 shares of BKD for $164.500. Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000 10,400 2026 Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27. $13,800 (14,700)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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During 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 loss
Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73
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Tama Companys capital structure consists of common stock and convertible bonds. At the beginning of 2019, Tama had 15,000 shares of common stock outstanding; an additional 4,500 shares were issued on May 4. The 7% convertible bonds have a face value of 80,000 and were issued in 2016 at par. Each 1,000 bond is convertible into 25 shares of common stock; to date, none of the bonds have been converted. During 2019, the company earned net income of 79,200 and was subject to an income tax rate of 30%. Required: Compute the 2019 diluted earnings per share.
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The investments of Steelers Inc. include a single investment: 33,100 shares of Bengals Inc. common stock purchased on September 12, 2016, for 13 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 2016, balance sheet date, the share price declined to 11 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, 2016. b. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements?
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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.