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maks197457 [2]
4 years ago
10

A company buys ten shares of securities at $1,000 each on January 15, year 1. The securities are classified as available-for-sal

e. The fair value of the securities increases to $1,250 per share as of December 31, year 1. The company does not elect to use the fair value option for reporting available-for-sale securities. Assume no dividends are paid and that the company has a 30% tax rate. What is the amount of the holding gain arising during the period that is classified in other comprehensive income for the period ending December 31, year 1?
A) $0
B) $1,750
C) $2,500
D) $7,500
Business
1 answer:
Anit [1.1K]4 years ago
8 0

Answer:

A) $0

Explanation:

Company does not elect to use the fair value option for reporting available-for-sale securities, so they are not required to report any gain or loss because they are report the securities on their initial purchase value or book value. GAAP required eligible items that are elected to use the fair value option for reporting only to report gain / loss in other comprehensive income.

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_________ are defined as a collection of assertions - both verbal and symbolic - that specify how and why variables are related,
Kobotan [32]

Answer:

Theory

Explanation:

A Theory is a compilation of laws, experiments, and facts that forms rules that explain an event. This means that a theory can specify how variables will affect this event and in which conditions it happens.

I hope you find this information useful and interesting! Good luck!

5 0
3 years ago
Which of the following is a “DO” regarding scannable resumes
Ratling [72]
Average recruiters eliminates a lot of applicants by scanning their resumes and find some keywords in the resume here are some "DO" things that should be in your resume :
- make it a text based format, don't rely on picture and graph since it cannot be scanned
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Hope this helps
5 0
3 years ago
Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 2 c
vfiekz [6]

Answer:

$21,450

Explanation:

In March,

Total direct labor hours required:

= Production budget × Direct labor hour required per unit

= 2,000 × 0.5

= 1,000 hours

Total direct labor cost = Total direct labor hours required × Direct labor hour per rate

                                     = 1,000 hours × $13

                                     = $13,000

In April,

Total direct labor hours required:

= Production budget × Direct labor hour required per unit

= 1,300 × 0.5

= 650 hours

Total direct labor cost = Total direct labor hours required × Direct labor hour per rate

                                     = 650 hours × $13

                                     = $8,450

Combined direct labor cost = $13,000 + $8,450

                                              = $21,450

6 0
3 years ago
Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per
serg [7]

Answer:

$16,440

Explanation:

If Bruce is able to work 600 hours per year, his salary will be $3,600 (= $6 x 600), but he will lose $2,160 (= $3,600 x 60%) of welfare stipend.

His total welfare stipend is $15,000 if he is not able to work during the year.

Bruce's total income = $15,000 + $3,600 - $2,160 = $16,440

4 0
3 years ago
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tino4ka555 [31]

<u>Answer:</u>

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As you're looking into term <em>life coverage approach choices,</em> you may go over the expression yearly sustainable premium.

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3 years ago
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