What amount of gain or loss would YOO-YOO Corporation report in its income statement for the year ended December 31, 2022, related to its investment, if the fair value method of accounting was used?

Q: REQUIRED: 51. Compute the amount of investment attributable to goodwill. a. 480,000 b. 192,000 -2.…

A: On January 4,2021 Did something Bad Inc. acquired 30% of the shares of Did Something good Inc. at…

Q: Sandhu Travel Agency Ltd. has 400,000 common shares authorized and 126,000 shares issued on December…

A: Dividend income and Unrealized gain on long-term investments should be reported by MARX INC. in its…

Q: X company owns 35% of common stock of Y Co. and used the squirt meth to acct for the investment.…

A: Share of dividend amount will not reduce income from investment.  The share of dividend will reduce…

Q: Answer should be presented as: DECREASE 123456 or INCREASE 123456 During 2021, the first year of…

A: Market value of security 2 as on Dec. 31, 2022 1100000   Less: value at which security 2sold…

Q: Sandhill Company's equity securities portfolio which is appropriately included in current assets is…

A: Since the given securities are trading securities hence any unrealized gain or loss in respect of…

Q: Samuel Corporation had net current assets of P2,500,000 at the end of 2022 and P1,800,000 at the end…

A: Net current assets at the end of year 2022 = P 2,500,000 Net current assets at the end of year 2021…

Q: 9. Selected information on PQR Company for 2022 are shown as follows: Increase in current assets…

A: Net cash flow provided by/used from operating activities represents the net result of changes in…

Q: Increase in current assets other than cash P275,000 30,000 Unrealized gain on FVOCI equity…

A: Cash generated from Operating activities = Net Income + Depreciation - Unamortized gain - Increase…

Q: 1. The following information is from Direct to You Corp.’s (DYC) financial records for its year…

A: Cash flow from investing activities includes sale/purchase of PPE, investments, intangible assets,…

Q: 10. White Wolf Company purchased the following investments during 2010: Market Value Dec. 31, 2010…

A: White Wolf Company's for year ended 2019 : Security A  of cost = P900000 Market value of A =…

Q: onal Corporation had net current assets of P2,500,000 at the end of 2022 and P1,800,000 at the end…

A: Balance Sheet: The balance sheet is a record of the organization's assets and liabilities. The…

Q: Which of the following statements is NOT TRUE about a corporation?

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

Q: оп герог owing Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on…

A: Comprehensive income.It means adding up of combined net income to the other comprehensive income of…

Q: Apollo Corp. has the following investment which were throughout 2021-2022: Fair Value Cost 12/31/21…

A: Unrealized gain An unrealized gain is a rise in the value of an asset that has yet to be sold for…

Q: art One: 2018: 31.57% 2019: 24.88% 2020: 25.53% 2021:15.09% 2022:16.03%   Based on your…

A: Return on Equity - It refers to the percentage of profit earned on shareholder equity and it can be…

Q: 14. On its December 31, 2017, balance sheet, Trump Company reported its investment in equity…

A: An unrealized gain is an increase in the value of an asset or investment that has not been sold by…

Q: Cullumber Company reported the following information for 2020: Sales revenue Cost of goods sold…

A: A comprehensive income statement is a statement that is an extension of the income statement and…

Q: 2019 2020 Assets Cash & Short Investments Accounts Receivable Inventories Other Current Assets TOTAL…

A: A statement which is used to compare item by item in a horizontal line for two years, is known as…

Q: Beta Alpha £000's £000's £000's £000's Fixed Assets Freehold property at cost Other assets at cost…

A: Ratio is a tool which is used to study the relation between different items of financial statements.…

Q: The following information is available for a FVTOCI investment: Purchase price $400,000; Unrealized…

A: To calculate the balance in the Accumulated Other Comprehensive Income (AOCI) equity holding account…

Q: Elliott has the following capital gain and loss transactions for 2022: Short-term capital gain…

A: If stocks are held for more than one year and then are sold and a profit is made that is called the…

Q: Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber.…

A: Process costing is a system of cost accounting which is used by companies in the production of large…

Q: For 25-26: Judicious Company acquired an equity investment a number of years ago for P 3,000,000 and…

A: A share certificate is an example of an equity instrument, which acts as a legally enforceable…

Q: For the year ended December 31, 2019, WQA Company reported opening retained earnings of P1,850,000…

A: Calculation of reserve balance at December 31 2021:       Unrealized gain from half old…

Q: On December 21, 2025, Pina Company provided you with the following information regarding its equity…

A: Investment -An asset is something that is purchased with the intention of earning revenue or…

Q: QUE Ltd had the following activity during 2020: Proceeds from sale of long-term $156,000 investments…

A: Answer) Calculation of Cash flow from Financing Activities    Amount Cash Flow From…

Q: Moletji Ltd is public company owned by two prominent business women and the local community trust…

A: Cash flow statements represents the cashflow from operating, investing as well as financing…

Q: Suppose a firm has the following taxable income as shown below. How much loss wor to be carried…

A: As per Internal Revenue Service (IRS), Net Operating Loss (NOL) can be set off against the future…

Q: How much is the unrealized gain on equity investment reported in the 2022 other comprehensive…

A: An unrealized gain is a rise in the price of an investment that the investor has not sold. A drop in…

Q: Rodriquez Corporation’s comparative balance sheets are presented below: RODRIQUEZ CORPORATION…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: The following is available for Golden Corporation for 2019:   Sales…

A: Solution: Return on investments = net income / average invested assets  = 300000/ 500000  = 60%

Q: Moletji Ltd is public company owned by two prominent business women and the local community trust…

A: Cash Flow From Investing Activity- Cash flow from investing activity is an item on the cash flow…

Q: What type of analysis is indicated by the following? Current assets Fixed assets Select one: O…

A: Horizontal analysisHorizontal analysis is a financial analysis technique used to evaluate…

Q: What is the noncontrolling interest in net income?

A: Non Controlling interest - Revenue $2,500,000 - Expenses $2,000,000

Q: Music Corporation had current assets of P2,000,000 at the end of 2020 and P1,800,000 at the end of…

A: Net current asset investment is the difference between net change in current assets and net change…

Q: Calculate ROE for both companies and interpret your answer. Which company will you prefer for…

A: ROE or Return on equity is net profit after tax (PAT) divided by shareholder's equity. ROE shows how…

Q: 2018 2019 Assets: Current assets Long-term investments Fixed assets (net) Intangible assets Total…

A: Common size balance sheet concept is used to complete the given table, as the given % figures means…

Q: Suppose that AXE company acquires exactly 25% of the voting common stock of Company SARDAR Inc. for…

A: In case of an entity having significant influence i.e. less than 50% stake in other entity. The…

Q: Green Corporation began operations in 2021. An analysis of Green’s equity investments portfolio…

A: The non trading securities are reported as separate component of shareholder's equity. The…

Q: What is the unrealized gain (loss) reported in profit or loss for the year 2021? A. P31,000 B.…

A: There are three securities which has been purchased by the Strawberry corporation during the year…

Q: Inspiration Company had trading and nontrading investments held throughout 2014 and 2015. The…

A: Inspiration company's Trading investments = P3000000 Non trading investments = P3000000 Fair value…

Q: In 2021, Cromwell Corporation purchased bonds of Oliver Company at par for $300,000 and classified…

A: Investments are those assets which generate income mostly in form of interest. Investments can be…

Q: 2. During 2020, Earl Company purchased debt securities as a long-term investment and classified them…

A: Debt and equity investments held as Trading securities are usually bought to sell them in a short…

Q: The table below indicates the carrying amounts (and cost), and fair values of Quintox's FV-OCI…

A: Investment at FVOCI requires investment to be carried at fair value. Under this approach, fair value…

Q: 5 revenue rest revenue on sale of investments on debt securities on projected benefit obligation I…

A: Step 1: Introduction to statement of comprehensive incomeThe statement of income is produced at year…

Q: On its December 31, 2024, balance sheet, Sheridan Company reported its investment in equity…

A: The unrealized gain is increase in  value of an asset or the investment that has not been sold by an…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.