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3 years ago

______ are stocks and bonds representing secured or asset-based claims by investors against issuers.

Business

2 answers:

PSYCHO15rus [73]3 years ago

6 0

Answer:

1) C

2) A

Explanation:

Grace [21]3 years ago

6 0

Answer:

Private placements are stocks and bonds representing secured or asset-based claims by investors against issuers.

Money frees society from a system of barter. In so doing, money is performing which of the following functions? Medium of exchange

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Kampus Corporation had the following eight investment transactions or events:

Fed [463]

Answer:

Kampus Corporation

Journal Entries:

Jan 1 Debit Bonds Receivable (Argon Co.) $10,000

Credit Cash $10,000

To record a short-term investment in available-for-sale (AFS) debt securities.)

Jan 3 Debit Investments (Long-term) in Elmer, Inc. $36,000

Credit Cash $36,000

To record the long-term investment (1,200 shares of Elmer, Inc. at $30 each.)

Mar 31 Debit Cash $300

Credit Dividend Received $300

To record dividend received from Elmer's investment

($0.25 per share of 1,200 shares).

Jun 1 Debit Investment in Logan, Inc. $300,000

Credit Cash $300,000

To record the investment in 5,000 shares of $60 per share, representing a 40% equity ownership.

Sep 30 Debit Cash $10,000

Credit Investment in Logan, Inc. $10,000

To record dividend received from investment in Logan, Inc. ($2 per share of 5,000 shares).

Dec 31 Debit Investment in Logan, Inc. $60,000

Credit Retained Earnings $60,000

To record 40% share of the Net income of $150,000 in Logan, Inc.

Dec 31 No Journal Required: Argon Co. bond had a fair (market) value of $12,000.

Dec 31 Debit Unrealized Loss from Investment in Elmer, Inc. $6,000

Credit Investment in Elmer, Inc. $6,000

To record $5 lost in the (market) value of $25 per share.

Explanation:

a) Data and Analysis:

Jan 1 Bonds Receivable (Argon Co.) $10,000 Cash $10,000

a short-term investment in available-for-sale (AFS) debt securities.)

Jan 3 Investments (Long-term) in Elmer, Inc. $36,000 Cash $36,000 1,200 shares of Elmer, Inc. at $30 each.

Mar 31 Cash $300 Dividend Received $300

$0.25 per share of 1,200 shares.

Jun 1 Investment in Logan, Inc. $300,000 Cash $300,000

5,000 shares of $60 per share, represent a 40% ownership.

Sep 30 Cash $10,000 Dividend Received $10,000

$2 per share of 5,000 shares.

Dec 31 Investment in Logan, Inc. $60,000 Retained Earnings $60,000

40% share of the Net income of $150,000 in Logan, Inc.

Dec 31 No Journal Required: Argon Co. bond had a fair (market) value of $12,000.

Dec 31 Unrealized Loss from Investment in Elmer, Inc. $6,000 Investment in Elmer, Inc. $6,000 (market) value of $25 per share.

3 0

3 years ago

In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches childre

Step2247 [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

6 0

4 years ago

Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inve

kkurt [141]

a. Compute the direct material costs

Explanation:

a. Compute the direct material costs

7 0

3 years ago

Candy Canes Inc. spends $100,000 to buy sugar and peppermint in April. It produces its candy and sells it to distributors in May

Pie

Answer:

April,

Sales is zero
Net income is zero
Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)

May,

Sales is $150,000
Net income is $500,00
Net cash flow is zero

And in June;

Sales is zero
Net income is zero
Net cash flow is an inflow of $150,000 (amount received from customers)

Explanation:

In April, the company purchased raw materials (Sugar and Peppermint) for $100,000. The entries posted are debit to Inventories and Credit to Cash account (both amounting to $100,000 each).

As such in April,

Sales is zero
Net income is zero
Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)

It produces its candy and sells it to distributors in May for $150,000, but it does not receive payment until June.

When the sale is made in May, the entries required is Debit accounts receivables $150,000 and Credit Sales revenue $150,000. Also, Debit cost of goods sold $100,000 and Credit Inventories $100,000.

Net income is the difference between sales and cost of sales.

As such in May,

Sales is $150,000
Net income is $500,00
Net cash flow is zero

For June,

Payment for goods sold in May were received, entries posted are debit to cash account and a credit to accounts receivables (both balance sheet accounts), hence;

Sales is zero
Net income is zero
Net cash flow is an inflow of $150,000 (amount received from customers)

6 0

4 years ago

A raise in the price of a product

Sergio039 [100]

I would say 4

Hope this helps!!

4 0

3 years ago