Available-for-sale investments: Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security. To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

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Answer 1

Question

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

2.

To determine

To journalize: The sale of stock in investment.

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

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Answer 2

Question

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

2.

To determine

To journalize: The sale of stock in investment.

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

Expert Solution & Answer

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Answer 3

Question

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

2.

To determine

To journalize: The sale of stock in investment.

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

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Answer 4

Question

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

2.

To determine

To journalize: The sale of stock in investment.

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

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Answer 5

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

2.

To determine

To journalize: The sale of stock in investment.

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

Answer 6

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

Answer 7

Chapter 10, Problem 10.12E

1.

To determine

Available-for-sale investments:

Available-for-sale investments are the investments in debt or equity securities, where the investor wishes to holds less than 20% of voting stock, and neither referred as trading or hold-to-maturity investments. For debt securities, the investor do not wish to hold it till maturity, and hence reported either as current assets or as long-term assets in the balance sheet depending upon the holding period of the security.

To Journalize: The transaction of S Investments’ in V’s voting stock for the year 2016.

Answer 8

2.

To determine

To journalize: The sale of stock in investment.

Answer 9

2.

To determine

To journalize: The sale of stock in investment.

Answer 10

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

Answer 11

3.

To determine

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 10 - Prob. 1QC Ch. 10 - Which of the following investments is most likely...Ch. 10 - If Intervale Railway invests 100,000 in 5% bonds...Ch. 10 - Prob. 4QC Ch. 10 - Prob. 5QC Ch. 10 - Prob. 6QC Ch. 10 - Prob. 7QC Ch. 10 - Harvard Co. purchased a trading investment on...Ch. 10 - Prob. 9QC Ch. 10 - Prob. 10QC

Solution Summary: The author explains that available-for-sale investments are investments in debt or equity securities, where the investor wishes to hold less than 20% of voting stock.

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To journalize: The sale of stock in investment.

To identify: The account(s) and amount(s) which S Investments would report in its income statement for the year ended December 31, 2017.

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