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Norwalk Community College *
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Course
113
Subject
Finance
Date
Nov 24, 2024
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png
Pages
1
Uploaded by EarlFlagHare23
.
I
°Required
information
-
Part
3
of
3
-
(189
9,7008%
points
OShunterstock
/
Jirapong
Manusirong
Knowledge
Check
01
Match
each
classification
of
debt
investments
with
the
treatment
of
unrealized
holding
gains
and
losses
by
using
the
pull-down
menus.
@
Answer
is
complete
and
correct.
1.
Available-for-sale
Recognized
in
other
comprehensive
income
&
2.
Held-to-maturity
(fair
value
option
not
elected)
Not
recognized
Q
3.
Trading
Securities
Recognized
in
net
income
Q
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Related Questions
Bond (Held-to-Maturity)Investment
Journalize the entries to record the following selected bond investment transactions for Marr Products:
If an amount box does not require an entry, leave it blank.
D.) Received face value of remaining bonds at their maturity.
Cash-
Investments- Hotline Inc. Bonds-
I just need help with part D, Thanks!
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History
Bookmarks
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Window
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teach X
G the order of presentation of ac X
m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessic
When callable bonds are redeemed below carrying value,
Oa. Gain on Redemption of Bonds is credited
Ob. Retained Earnings is debited
Oc. Loss on Redemption of Bonds is debited
Od. Retained Earnings is credited
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Which of the following accurately refelects how this event affects the company’s finanacial statements? Which option is the best, A, B, C, D
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Presented below are two independent cases related to available-for-sale debt investments.
Amortized cost
Fair value
Expected credit losses
Case 2
Case 1
Case 2
$37,230
$91,300
26,680 100,350
82,740
For each case, determine the amount of impairment loss, if any. Of no loss, please enter O. Do not leave any fields blank)
Case 1
Impairment Loss $
Impairment Loss $
21,640
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* CengageNOW2 | Onlin x
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人
еВook
Show Me How
Vertical Analysis of Balance Sheet
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year
Previous Year
Current assets
$288,750
$177,120
Property, plant, and equipment
498,750
452,640
Intangible assets
87,500
26,240
Current liabilities
175,000
85,280
Long-term liabilities
376,250
301,760
Common stock
78,750
72,160
Retained earnings
245,000
196,800
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders'
equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place.
Kwan Company
Comparative Balance Sheet
For the Years Ended December 31
Current
Current
Previous Previous
year
year
year
year
Amount Percent
Amount
Percent
Current assets…
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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…
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Exercise n°6.
Consider this simplified balance sheet for Geomorph Trading:
Current liabilities
Long-term debt
Other liabilities
Equity
Current assets
$ 100
$ 60
Long-term assets
500
280
70
190
$ 600
$ 600
a. Calculate the ratio of debt to equity. (Round your answer to 2
decimal places.)
b-1. What are Geomorph's net working capital and total long-
term capital?
b-2. Calculate the ratio of debt to total long-term capital. (Round
your answer to 2 decimal places.)
Exercise n°7.
Magic Flutes has total receivables of $3,000, which represent 20 days'
sales. Total assets are $75,000. The firm's operating profit margin is
5%. Assume a 365-day year.
3/4
a. What is the firm's sales-to-assets ratio? (Round your answer to 2
decimal places.)
b. What is the firm's return on assets? (Do not round intermediate
calculations. Enter your answer as a percent rounded to 2 decimal
places.)
Exercise n°8.
a. If a firm's assets of $10,000 represent 200 days' sales, what is its
annual sales? Assume a 365-day…
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tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1
EY
Accounting Assessment O
Total 00:54.47
Finish Test
Section 1 of 1 Section #1 v
10
11
12
13
14
15
16
17
18
19
20
17 of 45
All
2
43
Question # 17
G Revisit
Choose the best option
Which of the following formula best describes the acid test or quick ratio?
Current assets: Current liabilities.
Debtors: Creditors
O (Current assets stock) Current liabilities.
O Current assets: (Current liabilities - bank overdraft).
Frev Cueston
Next Question
+91-82878-03040
Zaineh | Support +1-650-924-9221
metil
413 PM
1/16/2021
Type here to search
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Explain extensively the horizontal analysis made for the financial statements of San Miguel Corporation.
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Please help me
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H1.
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Question Content Area Bond (held - to - maturity) investments Journalize the entries to record the following selected held - to - maturity investment transactions for Marr Products: If an amount box
does not require an entry, leave it blank. Question Content Area a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500. blankAccountDebitCredit blank
Question Content Area b. Received first semiannual interest payment. blankAccountDebitCredit blank Question Content Area c. Sold $90,000 of the bonds at 102 plus accrued interest of $750.
blankAccountDebitCredit blank Question Content Area d. Received face value of remaining bonds at their maturity. blankAccountDebitCredit blank
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LO 10-5
Corporation
E10-10 Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned Ratio
At May 31, 2019, FedEx Corporation reported the following amounts (in millions) in its financial
statements:
Total Assets
Total Liabilities
Interest Expense
Income Tax Expense
Net Income game
Tot 1500 2019
$54,400
36,600
ainuoms 21000056
590
115
540
2018
$52,330
32,900
560
220
4,570
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(1) Compute debt and equity ratio for the current year and one year ago.
(2) Compute debt-to-equity ratio for the current year and one year ago.
(3)Compute times interest eamed for the current year and one year ago.
Please avoid solutions in an image format thank you
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Calculate the value
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Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc., Part B, to answer this
question:
What is the impact on Revolutionary Design's adjusted debt ratio (total liabilities less subordinated debt) to adjusted tangible net
worth (tangible net worth plus subordinated debt) if we assume that the owner debt will no longer be subordinated in 20Y3?
Adjusted debt to adjusted tangible net worth will increase from approximately 2.7 to
approximately 3.8 in 2013.
Adjusted debt to adjusted tangible net worth will improve from approximately 3.5 to
approximately 2.6 in 20Y3.
Adjusted debt to adjusted tangible net worth will increase from approximately 3.5 to
approximately 3.8 in 20Y3.
Bookmark for review
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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
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Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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At December 31, 2024, Hull-Meyers Corporation had the following investments that were purchased during 2024, its first year of
operations:
Trading Securities:
Amortized cost
Fair Value
Security A
Security B
Totals
Securities Available-for-Sale:
Security C
Security D
Totals
Securities to Be Held-to-Maturity:
Security E
Security F
Totals
$ 900,000
105,000
$ 1,005,000
$ 700,000
900,000
$ 1,600,000
$ 490,000
615,000
$ 1,105,000
$ 910,000
100,000
$ 1,010,000
$ 780,000
915,000
$ 1,695,000
$ 500,000
610,000
$ 1,110,000
No investments were sold during 2024. All securities except Security D and Security F are considered short-term investments. None of
the fair value changes is considered permanent.
Required:
Complete the following table.
Note: Amounts to be deducted should be indicated with a minus sign.
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Determine flev and spread and the non controling interest ratio(in aplicable)
show:
ROE=[ROA+(FLEV X SPREAD)] X noncontroling interest ratio
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Q#2:Debt to Assets Ratio Debt to Equity Before-tax cost of debt0.0 0 6%0.1 0.11 7%0.2 0.25 9%0.3 0.43 12.5%0.4 0.66 15.5%Krf= 3%, Market Risk Premuim = 5%, T=30%, BUL = 0.9.Required: Determine, its capital structure.
Q#3: A firm has 20 million shares outstanding, with a $30 per share market price. The firm has $10million in extra cash that it plans to use in a stock repurchase;…
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Assignment Q. = Ken recieved 30000 of interest from corporate bonds and money market accounts. Ans & what line on form 1040?
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Presented here are the financial statements of Sunlard Cornpany.SINI.AND COWANYConvaratWeD«rnber 31CashAccounts receivableInventccyProperty. plant. equipmentAccumu lated depreciationTotalLiabilities and Stockholders' EquityAccounts payableIncome taxes payableBonds payableCommon stockRetained earningsTotal537.400329003060059.700(29.100)"31500S2&3007.50027.9001860049.200S1315002021S20.soo20.00077.900(23500)S113000s 16.5003280014.20041300Silaooo
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- Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. D.) Received face value of remaining bonds at their maturity. Cash- Investments- Hotline Inc. Bonds- I just need help with part D, Thanks!arrow_forwardHistory Bookmarks People Tab Window Help teach X G the order of presentation of ac X m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessic When callable bonds are redeemed below carrying value, Oa. Gain on Redemption of Bonds is credited Ob. Retained Earnings is debited Oc. Loss on Redemption of Bonds is debited Od. Retained Earnings is creditedarrow_forwardWhich of the following accurately refelects how this event affects the company’s finanacial statements? Which option is the best, A, B, C, Darrow_forward
- Presented below are two independent cases related to available-for-sale debt investments. Amortized cost Fair value Expected credit losses Case 2 Case 1 Case 2 $37,230 $91,300 26,680 100,350 82,740 For each case, determine the amount of impairment loss, if any. Of no loss, please enter O. Do not leave any fields blank) Case 1 Impairment Loss $ Impairment Loss $ 21,640arrow_forward* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…arrow_forward2 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…arrow_forward
- Exercise n°6. Consider this simplified balance sheet for Geomorph Trading: Current liabilities Long-term debt Other liabilities Equity Current assets $ 100 $ 60 Long-term assets 500 280 70 190 $ 600 $ 600 a. Calculate the ratio of debt to equity. (Round your answer to 2 decimal places.) b-1. What are Geomorph's net working capital and total long- term capital? b-2. Calculate the ratio of debt to total long-term capital. (Round your answer to 2 decimal places.) Exercise n°7. Magic Flutes has total receivables of $3,000, which represent 20 days' sales. Total assets are $75,000. The firm's operating profit margin is 5%. Assume a 365-day year. 3/4 a. What is the firm's sales-to-assets ratio? (Round your answer to 2 decimal places.) b. What is the firm's return on assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Exercise n°8. a. If a firm's assets of $10,000 represent 200 days' sales, what is its annual sales? Assume a 365-day…arrow_forwardtests.mettl.com/test-window/f55ac827#/testWindow/0/16/1 EY Accounting Assessment O Total 00:54.47 Finish Test Section 1 of 1 Section #1 v 10 11 12 13 14 15 16 17 18 19 20 17 of 45 All 2 43 Question # 17 G Revisit Choose the best option Which of the following formula best describes the acid test or quick ratio? Current assets: Current liabilities. Debtors: Creditors O (Current assets stock) Current liabilities. O Current assets: (Current liabilities - bank overdraft). Frev Cueston Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 metil 413 PM 1/16/2021 Type here to searcharrow_forwardExplain extensively the horizontal analysis made for the financial statements of San Miguel Corporation.arrow_forward
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