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Gnesinka [82]
3 years ago
6

The Janjua Company had the following account balances at 1/1/18:

Business
1 answer:
Step2247 [10]3 years ago
7 0

Answer:

a. Journal Entry:

Investments in Debt securities (Dr.) $1500

Fair Value of Debt securities(Cr.) $1500

b. Equity Section:

Common Stock $65,000

Retained Earnings $22,000

Treasury Stock $13,400

Revaluation of Debt securities $1,500

Explanation:

Investments in AFS Debt securities 40,000

Fair value of the investment on 12/31/2018 is $41,500

The difference between fair value and reported value will be adjusted through journal entry. The difference is of $1500 (41,500 - 40,000) is the revaluation amount of the securities.

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Kazeer [188]

Answer:

B, Italy

Explanation:

In Italy, 60 percent of the shares of a public company are owned by the 3 largest shareholders. This invariably means that the decision making of public companies are mostly at the mercy of just 3 persons as against larger numbers in other countries.

Cheers

5 0
3 years ago
Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exerci
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Answer:

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3 years ago
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AlladinOne [14]

Answer:

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2 years ago
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maria [59]

Answer:

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8 0
2 years ago
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