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lys-0071 [83]
3 years ago
10

not-for-profit organization held the following investments: Investment Cost Fair value (beginning of year) Fair value (end of ye

ar) Stock A (100 shares) $50 per share $45 $51 Stock B (200 shares) $40 per share $41 $49 What amount of stock investments should be reported in the year-end statement of financial position?
Business
1 answer:
arsen [322]3 years ago
3 0

Answer:

$14,900

Explanation:

not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.

Here,

Investment                                   Fair value (end of year)

Stock A (100 shares)                                     $51

Stock B (200 shares)                                    $49

Stock A = (100 * 51) = $5,100

Stock B = (200 * 49) = $9,800

Total Investment fair value at end of year = $14,900

$14,900 will be the amount reported in stock investments in the year-end statement of financial position.

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I believe the answer is B. 30 percent

<em>good luck, i hope this helps :)</em>

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3 years ago
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4 years ago
Reuter Bank loaned Sabean Corporation $500,000 in
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Answer:

C) I, II, and III only.

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Explanation:

The bank has several options in this case, depending on the financial position and net worth of the sureties and the corporation. It can decide to collect all the debt directly from them, or collect part of the debt through the collateral property, or it can go after the assets of the corporation, or any type of combination. In this case the bank has three options from which it can collect the debt and it is up to them to decide how they proceed.

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