1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
3 years ago
7

Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert

ains to these securities. The fluctuations in their fair values are not considered permanent. Fair Value Fair Value Amortized Cost Amortized Cost Held to Maturity Securities: 12/31/2015 12/31/2016 12/31/2015 12/31/2016 ABC Co. Bonds $375,000 $400,000 $367,500 $360,000 Available for Sale Securities: LMN Co. Debt Securities $130,500 $150,400 $145,000 $140,000 Fair Value Fair Value FV through NI Securities: 12/31/2015 12/31/2016 Cost DEF Co. Stock $48,000 $59,500 $66,000 GEH Inc. Stock $47,000 $77,000 $39,000 IJK Inc. Stock $44,000 $38,500 $32,900 What balance sheet amount would Beresford report for its total investment securities at 12/31/2015?
Business
1 answer:
Minchanka [31]3 years ago
6 0

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

You might be interested in
A companys management team should give serious consideration to bidding for a private label footwear contract in a particular ge
Ostrovityanka [42]

A company’s management team should give serious consideration in bidding for a private label footwear contract in a geographic region when the company’s production capacity in one or more geographic regions exceed or else be idle because the number of pairs of branded footwear is below full production capacity based on the company managements planned to be produce.


8 0
4 years ago
Painting expenses is debit or credit​
miss Akunina [59]

Answer:

Debit

Explanation:

If its not a house or a big invesment into a buisness it is debit

3 0
2 years ago
Read 2 more answers
You have an opportunity to carry a new brand of football. You estimate that you will sell 300 per week with a margin of $40 per
Ierofanga [76]
If a shopkeeper starts to sell the new football, their weekly margins would be:

300 x 40 = $12,000

However, the sales of the lower cost footballs will decrease by:

100 x 20 = $2,000 every week

Hence, the total margin we can generate by selling every week by selling the new footballs is:

12,000-2,000 = $10,000 

This means the shopkeeper should actually start selling new footballs since their shop will become more profitable

3 0
3 years ago
Under normal circumstances, what minimum level of voting ownership is considered to give the investor control over the investee?
mestny [16]

Answer:

In the absence of any condition +50%  of voting securities will give powers to investors to control over the investee.

Explanation:

  • The investors have majority of ownership .
  • They can hire the Board of Directors for the investee
  • They can directly control over the operations of the investee
  • Voting shares give the power to approve or reject major decisions and actions such as a merger.  

8 0
3 years ago
Heather innocently misrepresented the status of a puppy as being a full-blooded Pomeranian when actually it was a mixed breed. B
IRISSAK [1]

Options:

A. Because Heather violated the contract to provide a full blooded Pomeranian, Brad is entitled to rescind the contract and also to the damages he seeks.

B. Because Heather violated the contract to provide a full blooded Pomeranian, Brad is entitled to rescind the contract, but he is not entitled to the damages he seeks.

C. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 30 days in order to honor the contract.

D. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 60 days in order to honor the contract.

E. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 90 days in order to honor the contract

Answer:

B

Explanation:

Heather's misrepresentation resulted in her breaching the contract, even if she did it innocently or not. But since no transaction was completed, then the contract is simply terminated. If Brad had realized Heather's mistake after he had paid for the dog, then he could argue that he suffered damages and could try to seek some type of compensation but that wasn't the case here.

5 0
3 years ago
Other questions:
  • True or false? until recently, congress provided subsidies to tobacco growers and has been very reluctant to pass legislation op
    13·1 answer
  • You're the account manager for a client who wants to increase reservations at her boutique hotel. You've been manually managing
    10·1 answer
  • The general fund collects taxes that are legally restricted for use in a future year. The amount of the collections is reported
    14·2 answers
  • When paying for purchases, debit cards ____.
    14·2 answers
  • If the natural rate of unemployment is 5%, and the actual rate of unemployment is 4%: a the short-run Phillips curve will shift
    8·1 answer
  • When the media decides to have a "breaking"
    6·2 answers
  • If the owner of a concert hall wishes to use third-degree price discrimination to price its tickets at $20, $15, and $10, it sho
    15·1 answer
  • Which of the following describes PLUS loans? O Loans that are taken out by parents and have high interest rates
    12·1 answer
  • This is my mom channel please subscribe​
    8·1 answer
  • Which term refers to the accountability of marketing dollars spent on marketing activities?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!