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Klio2033 [76]
3 years ago
5

On September 18, 2019, Rose Company purchased 6,000 shares (9%) of Wozniak, Inc. stock for $28 per share. The market value per s

hare of Wozniak's stock at December 31, 2019 was $24. On May 12, 2020, Rose Company sold 2,400 shares of its Wozniak stock for $19 per share. The market value of Wozniak's stock at December 31, 2020 was $33 per share. On April 17, 2021, Rose Company received a dividend of $4 per share on the Wozniak stock. Rose Company sold 2,700 shares of its Wozniak stock on July 19, 2021 for $27 per share. At December 31, 2021, the market value of the Wozniak stock was $22 per share.
Calculate the amount of the unrealized loss reported on Rose Company's 2021 income statement. If an unrealized loss would not be recorded in 2021 on this investment, enter a 0 as your answer.
Business
1 answer:
Bogdan [553]3 years ago
6 0

Answer:

$9,900

Explanation:

For computing the amount of the unrealized loss, first we have to find out the shareholding and unrealized loss per share which is shown below:

Shareholding = Purchase value of shares - (Sale value of shares + sale value of shares)

= 6,000 shares - (2,400 shares + 2,700 shares)

= 6,000 shares - 5,100 shares

= 900 shares

And, the unrealized loss per share = $33 - $22 = $11

Now the unrealized loss would be

= 900 shares × $11

= $9,900

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4 0
2 years ago
Toby and Keith are planning to create and jointly own a company that will license their patented technology solely for royalties
Fantom [35]

Answer: Limited liability company

Explanation:

In such a structure the owners and the firm are considered separate. The owners in a LLC could not be held personally liable for the debts and liabilities of their company.

The companies have the limited liability feature of the corporations while the profit distribution method depicts partnership structure.

In the given case, Toby and Keith wants to distribute profit among them and also do not want to raise any outside capital. Also they want limited liability in their organisation.

Hence a Limited liability company is an appropriate choice for them.

3 0
3 years ago
Equity securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses in the inc
koban [17]

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a.equity method investments where a company has holding of less than 20 %

3 0
3 years ago
Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account had an interest rate of 9.6%
kozerog [31]

Answer:

The correct option is yes,the $15,000 will double each 7.5 years.In 15 years ,it will double twice.

Explanation:

The 72 rule stipulates that the number of years it would take an investment to achieve accumulate a certain amount- future value, can be computed by dividing 72 by the interest rate earns by the investment

N, the number of years=72/9.6

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Invariably,in 7.5 years' when Sally would have been 10.5 years(3 years now+7.5 years) the investment would have doubled.

By another 7.5 years when Sally would have been 18 years(10.5 years +7.5 years), the investment would have doubled twice.

The 72 rule is fast-track approach to calculating the duration of an investment.

7 0
3 years ago
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mariarad [96]

Answer:

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Maintenance phase -

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The phase is important , as it enhances the efficiency and corrects the problem .

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Hence , from the given statement of the question,

The correct option is maintenance phase .

6 0
2 years ago
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