16.A.P 1,110,000B.P 1,160,000C.P 1,170,000D.P 1,150,000 Matthew Company acquired the following portfolio of equity securities throughprofit or loss during 2020 and reported the following balances at December 31, 2020:SecurityCostDecember 31,Market ValueP300,000280,000L360,000370,000S500,000460,000No Sales occurred during 2020. All declines are considered to be temporary.What is the carrying amount of the securities on Dec. 31, 2020 on Matthew 'sstatement of financial position?

Name: 16.A.P 1,110,000B.P 1,160,000C.P 1,170,000D.P 1,150,000 Matthew Compan
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: 16.A.P 1,110,000B.P 1,160,000C.P 1,170,000D.P 1,150,000 Matthew Company acquired the following portfolio of equity securities throughprofit or loss during 2020 and reported the following balances at December 31, 2020:SecurityCostDecember 31,Market Va

Long-term Investment: The phrase "long-term investment" refers to an account that a corporation…

Business

Accounting

Matthew Company acquired the following portfolio of equity securities through profit or loss during 2020 and reported the following balances at December 31, 2020: Security Cost December 31, Market Value 300,000 280,000 L 360,000 370,000 S 500,000 460,000 No Sales occurred during 2020. All declines are considered to be temporary. What is the carrying amount of the securities on Dec. 31, 2020 on Matthew 's statement of financial position?

Matthew Company acquired the following portfolio of equity securities through profit or loss during 2020 and reported the following balances at December 31, 2020: Security Cost December 31, Market Value 300,000 280,000 L 360,000 370,000 S 500,000 460,000 No Sales occurred during 2020. All declines are considered to be temporary. What is the carrying amount of the securities on Dec. 31, 2020 on Matthew 's statement of financial position?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Vaughn Construction Company has entered into a contract beginning January 1, 2020, to build a…

A: The percentage of completion contract approach is used to account for annual revenue and costs. The…

Q: In year 1, what revenue should Northeast Bottlers use in its analysis of the Boston project, which…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 9:41 V1.185G 19% KB/s expert.chegg.com/q Chegg Hi Rise obtained planning 14 permission to build a…

A: To discuss the accounting treatment for Hi-Rise in their financial statements for the year ended 31…

Q: Question 5 Consider the project balances in following Table for a typical investment project with a…

A: The rate of interest is the rate at which the money can be borrowed during the given time period. It…

Q: D Question 6 Gamma Corporation incurred the following costs during 2022: Laboratory research aimed…

A: RESEARCH & DEVELOPMENT COST Research & Development Cost are those costs which are incurred…

Q: Year 012 Cash flow 58000 -34000 -45000 G H What is the IRR? If the required return is 12%, should…

A: The difference between the current value of cash inflows and outflow of cash over a period of time…

Q: A consulting company has designed the accompanying spreadsheet model to compute a project's revenues…

A: Answer:The question describes a situation where a consulting company's spreadsheet model is used to…

Q: A company bought a luxury passenger vehicle for $100,000 during the year 2023. What is maximum…

A: For passenger vehicles purchased on or after January 1, 2023, the maximum limit for capital cost…

Q: None

A: The NPV of a project refers to the measure of the project's profitability calculated by discounting…

Q: Juancho died leaving a hologram will. In the last will, he identified his wife, all his 3 legitimate…

A: Ans. P 12,00,000 Solution: Total distributable estate of Juancho= P 24,000,000 Wife inheritance as…

Q: In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa…

A: "Since you have posted a question with multiple sub-parts, we will solve the subparts asked by you.…

Q: Project A B C D Investment Required $ 200,000 $ 152,000 $ 100,000 $ 170,000 Present value of Cash…

A: Profitability index = (present value of cash inflows )/Initial investment Net present value is…

Q: 21. How long will it take 300g of cobalt to decay into 10 grams if its half life is 5.3 years? A.…

A: Here, N(t)=10N0(t)=300t12=5.3

Q: A9

A: To calculate the Undepreciated Capital Cost (UCC) of Class 8 at the end of 2023, follow these steps…

Q: oblem 9-13 NPV versus IRR [LO1, 5] nsider the following two mutually exclusive projects: Year Cash…

A: YearCash flow (X)Cash flow (Y)0-$19,600-$19,6001$8,750$9,9002$8,900$7,7003$8,700$8,600

Q: QUESTION 17 Firm X builds a low-cost product. Due to overseas competition, the firm is going to…

A: NPV is also known as Net Present Value.. It is a capital budgeting technique which helps in decision…

Q: a Nay W F F 2 Casts and expenses Project A initial investment cost 528.000 years 4 7 annual…

A: It refers to a capital budgeting technique designed for comparing and evaluating investment projects…

Q: PA6. LO 11.3 Gimli Miners recently purchased the rights to a diamond mine. It is estimated that…

A: Depletion expense is a non-cash expense in a accrual accounting method which is used to allocate the…

Q: Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated…

A: To calculate the NPV of the investment, we need to discount the cash flows back to their present…

Q: Q 9.36: On April1, 2014, Howard & Sons Law Firm, whose fiscal year-end is September 30, purchased a…

A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life…

Q: Carmona & Co. is considering the implementation of the following two, mutually exclusive projects:…

A: Internal rate of return is the modern method of capital budgeting that is used to determine the…

Q: Project Bono Project Edge Project Clayton Capital investment $160,000 $190,000 $206,000 Annual net…

A: The problem involves the different capital budgeting techniques used by investors to assess the…

Q: QS 24-8 (Algo) Net present value analysis, no calculat let present values for three alternative…

A: A positive net present value (NPV) signifies the expectation of value addition from the investment,…

Q: 1,356.95 2,618.83 5,237.66

A: The yearly cost of acquiring, running, and sustaining an project beyond its entire life is known as…

Q: On January 1, 2022, Crane Corp. purchased equipment for $64000. It was expected to last 5 years,…

A: A double-declining balance method is a form of an accelerated depreciation method in which the asset…

Q: None

A: The computation is shown in excel table below: The formula used above is shown below: Working Notes:…

Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

Topic Video

Question

16.

A.P 1,110,000

B.P 1,160,000

C.P 1,170,000

D.P 1,150,000

Matthew Company acquired the following portfolio of equity securities through
profit or loss during 2020 and reported the following balances at December 31, 2020:
Security
Cost
December 31,
Market Value
P
300,000
280,000
L
360,000
370,000
S
500,000
460,000
No Sales occurred during 2020. All declines are considered to be temporary.
What is the carrying amount of the securities on Dec. 31, 2020 on Matthew 's
statement of financial position?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Introduction

VIEW

Step 2 Explanation

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

D Question 16 A $60,000 outlay for a new machine with a usable life of 15 years is called O replacement expenditure operating expenditure O capital expenditure 4 pts O financing expenditure
9.10 please
00 FI 96 R %24 JAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Print Item Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated revenue producing life of 4 years. Falkland has a cost c capital of 12%. The patent is expected to generate the following amounts of annual income and cash flows: Year 1 Year 2 Year 3 Year 4 Net income $5,100 $6,500 $6,300 Operating cash flows 18,400 18,200 (Click here to see present value and future value tables) 006' A. What is the NPV of the investment? Round your present value factor to three decimal places and final answer to the nearest dollar. 24 B. What happens if the required rate of return increases? If the required rate of return increases, Previous Check My Work 3:54 PM 5/3/2022 dy insert prt sc f8 91 backspa & 7. 4. 5.
Please do not give solution in image format thanku
ment #5 Question 8, P7-23 (similar to) Part 1 of 7 HW Score: 40%, 4 of 10 points O Points: 0 of 1 Save K You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10.4 million. Investment A will generate $2.16 million per year (starting at the end of the first year) in perpetuity. Investment B will generate $1.44 million at the end of the first year, and its revenues will grow at 2.9% per year for every year after that. a. Which investment has the higher IRR? b. Which investment has the higher NPV when the cost of capital is 5.4%? c. In this case, for what values of the cost of capital does picking the higher IRR give the correct answer as to which investment is the best opportunity? a. Which investment has the higher IRR? The IRR of investment A is ☐ %. (Round to the nearest integer.)
Question 2 The following information relates to three possible capital expenditure projects. Because of capital rationing, only one project can be accepted: Project Q P R Initial cost £250,000 £210,000 £190,000 4 5 £17,500 £12,000 £ £ End of year 175,000 90,000 60,000 70,000 70,000 65,000 3 65,000 55,000 70,000 4 60,000 80,000 75,000 5 55,000 80000 The company estimates its cost of capital is 14 per cent. Required: Calculate a) The payback period for each project. b) The accounting rate of return for each project. c) The net present value of each proiect. d) Which project should be accepted - give reasons. e) Explain the factors management would need to consider, in addition to the financial factors, before making a final decision on a project. Expected life (years) 5 Scrap value expected £20,000 Expected cash inflows £ 2
ye тин 6 Note Solve all insurance QNO! operation total P₂ Solve full 13 -A project capatalized for in depredade invested earn PSoroso assets will annual in 10 years 90009 Cost the income first esch Componey expects to earn is year, will cost The and mes maintenance faxes and full accurate a uniform of p19, 249 costs of 4% of the year. If the its capital Justify you 12% before income taxes. investment worthwhile? Answer
QUESTION 10 The following information is given to you: Gross Fixed Assets Net Fixed Assets Depreciation Expense Net Fixed Assets in 2022 was $ 600 800 400 200 Not enough information to answer. 2021 1,000 800 ??? 2022 1,000 ??? 200
Hw.61