2 Required information Problem 15-3A (Algo) Debt Investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the questions displayed below.] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Fair Value $ 492,000 155,000 642,140 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,820. July 6 Purchased Company X bonds for $122,100. November 13 Purchased Company Z notes for $267,300. December 9 Sold all of the Company A bonds for $524,800. Fair values at December 31 are B, $82,300; C, $603,800; X. $120,000; and Z, $276,000. Company B notes Company C bonds Problem 15-3A (Algo) Part 1 and 2 Cost $ 534,100 159, 140 662,400 Required: 1. Prepare journal entries to record these transactions, including the December…

Can you help me to calculate adjusted net income, adjusted net income if FV of security B were 285,000, value of held for trading securities as of 12/31/2020 and assuming these securities at measured at FVOCI, calculate the value of these financial assets as of 12/31/2020 Problem: ABC Corporation buys and sells securities expecting to earn profits on short term differences in price. during 2020, ABC Corporation purchased the following held for trading securities.  Security A: Cost- 195,000; FV at 12/31/2020- 225,000 Security B: Cost- 300,000; FV at 12/31/2020- 162,000 Security C: Cost- 678,000; FV at 12/31/2020- 660,000 Before any adjustments related to these securities, ABC Corporation had net income of 900,000

Exercise C-7 (Algo) Multiyear fair value adjustments to available-for-sale debt securities LO P3 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 Cost $ 12,600 17,900 21,300 December 31, Year 4 15,300 Prepare journal entries to record each year-end fair value adjustment for these securities. No 1 2 3 4 Date December 31, Year Unrealized loss - Equity Answer is complete but not entirely correct. General Journal Fair value adjustment-AFS December 31, Year Fair value adjustment-AFS Unrealized loss - Equity December 31, Year Fair value adjustment-AFS Unrealized loss - Equity December 31, Year Unrealized loss - Equity Fair Value $ 16,500 Fair value adjustment-AFS 26,100 32,600 20,600 X O x > * X › Debit 3,900 8,200 11,300 5,300 Credit 3,900 8,200…

At December 31, 2022, available-for-sale debt securities for Pharoah, Inc. are as follows. The securities are considered to be a long-term investment. Security (a) A B C Total Cost $16,985 12,930 21,760 $51,675 Fair Value $16.030 15,179 18,160 $49,369 Prepare the adjusting entry at December 31, 2022, to report the securities at fair value. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Dec. 31 Debit Credit

s. The Solstice Corp. bonds have a fair value of $253,630 on December 31, 20Y5. Valuation Allowance for Available-for-Sale Investments had a balance of zero on January 1, 2015. Description Unrealized Gain (Loss) on Available-for-Sale Investments Valuation Allowance for Available-for-Sale Investments Debit Credit 253,630 X Alpha-numeric input field

Required information [The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Trading Securities Tesla Bonds Nike Bonds Ford Bonds View transaction list

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…

Investments in Equity Securities Manson Incorporated reported investments in equity securities of 60,495 as a current asset on its December 31, 2018, balance sheet. An analysis of Mansons investments on December 31, 2018, reveals the following: During 2019, the following transactions related to Mansons investments occurred: Required: 1. Assuming Manson prepares quarterly financial statements, prepare journal entries to record the preceding information. 2. Show the items of income or loss from investment transactions that Manson reports for each quarter of 2019. 3. Show how Mansons investments are reported on the balance sheet on March 31, 2019; June 30, 2019; September 30, 2019; and December 31, 2019.

Adjusting the Allowance to Adjust Trading Securities to Market Caesar Corporation has the following information for its portfolio of trading securities at the end of the past 4 years: Required: 1. Prepare the journal entries, if necessary, to adjust the allowance account at the end of 2018, 2019, Lind 2020. 2. CONCEPTUAL CONNECTION What is the income statement effect of the 2020 entry? 3. CONCEPTUAL CONNECTION How would your answer to Requirement 2 change if this was an available-for-sale portfolio?