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ddd [48]
3 years ago
12

On March 15, Carter Company purchased 10,000 shares of Tonya Corp. stock for $35,000. This investment is considered to be an ava

ilable-for-sale investment. On June 30, the stock had a market value of $38,000. Carter must report:___________
Business
1 answer:
earnstyle [38]3 years ago
8 0

Answer:

$3000 increase in accumulated other comprehensive income in equity section in the balance sheet.

$3000 increase in Available for sale investments in non current assets section of the balance sheet.

Explanation:

Available for sale investments are those financial assets which are purchased  by the entity with intention to sell it before its maturity.Available for sale investments are measured at the fair value, and any subsequent  changes in the fair value of Available for sale investment is recorded in the following manner:

In this Case, the carter company shall initially record the 10,000 shares of Tonya Corp. stock at $35,000 in the Non current assets section of the balance sheet.

The increase of $3000(38000-35000) in fair value of stock shall be included in the accumulated other comprehensive income in the equity section of the balance sheet while the available for sale investment included in the Non-current assets section of balance sheet shall also be increased by $3000.

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Horton Co. was organized on January 2, 2014, with 500,000 authorized shares of $10 par value common stock. During 2014, Horton h
Harrizon [31]

Answer:

The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 is $36,000

Explanation:

The computation of the balance in the treasury stock account is shown below:

= Number of shares sold × (Selling price of share - purchase price of share)

= 18,000 shares × ($13 per share - $11 per share)

= 18,000 shares × $2 per share

= $36,000

The other items which are mentioned like issued shares, authorized shares are irrelevant because we have to compute for the treasury stock, not for the common stock. So, these parts would be ignored in the computation part.

7 0
2 years ago
Lush Lawns, a new landscaping company, uses the same logo and shade of green in all forms of communication including its online
Fofino [41]

Integrated marketing communications is being used by Lush Lawns to promote its business, as they are using the same logo and shade of green in all forms of communication including its online ads, truck signage, Web site, and business cards.

<h3 /><h3>What is Integrated marketing communications?</h3>

IMC is the process of combining marketing communication aspects such as public relations, social media, and audience analytics to create an integrated marketing communication strategy.

Business development concepts, and advertising into a brand identity that is consistent across many media channels.

Thus they are using Integrated marketing communications.

For more details about  Integrated marketing communications, click here

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5 0
1 year ago
Jacob wanted a parking space in a nearby lot. He filled out an application and a computer generated his choices. This is an exam
Andrej [43]

Answer: lottery

Explanation:

3 0
2 years ago
Zanny Moldings has the following estimated costs for the upcoming year:
Sloan [31]

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

5 0
3 years ago
When Anastasia sells her Tesla common stock at the same time that Roman purchases the same amount of Tesla stock, Tesla receives
Ivenika [448]

Answer: Nothing

Explanation:

When Anastasia sells her Tesla common stock at the same time that Roman buys the same amount of Tesla stock, then Tesla will receive nothing.

Forur example, let's assume that Anastasia sells her Tesla common stock which was worth $2000 and Roman buys the same amount of Tesla stock, which was $2000. Then Tesla will get: $2000 - $2000 = 0. Therefore, the answer is nothing.

7 0
2 years ago
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