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
Nonamiya [84]
3 years ago
5

On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $

40 per share, and 100 shares of ECHO Corporation stock at $30 per share. All of these shares were purchased as trading securities. The market price per share of these securities at the end of 20X6 and 20X7, respectively, are:
company 12/31/x6 12/31/x7

charlie $8 $22

delta. $38 $34

echo. $34 $30

What is the balance sheet amount for trading securities at the end of 20x7?
Business
1 answer:
aev [14]3 years ago
7 0

Answer:

The balance sheet amount for trading securities will be 12,000

Explanation:

The trading securities are valued at fair value, their diference through dates will generate Other Comprehensive Income.

For the matter of valuation, the gain/loss is not relevant. We just need to multiply market value with the number of shares to get the total for each company, then we add them to get the total for trading securities.

\left[\begin{array}{cccc}-&shares&market \:price& subtotal\\CHARLIE&100&22&2200\\DELTA&200&34&6800\\ECHO&100&30&3000\\Total&400&-&12000\\\end{array}\right]

The balance sheet amount for trading securities will be 12,000

You might be interested in
What is valuable goods
tankabanditka [31]
Anything that is possessed with funds or luxury or heirloom items
4 0
4 years ago
Constant cost industries:
adoni [48]

Answer:

The correct answer to the following question will be Option C.

Explanation:

  • Constant cost industries seem to be a sector wherein the proportion of units produced as well as manufacturing costs every unit maintains the very same irrespective including its amount of manufacturing or rise in population. Which doesn't use input data in the appropriate amount to influence the rates of that same components by a shift in industry revenue.
  • This doesn't even use inputs in such amounts that perhaps the costs of that same inputs will be influenced by a change in business production.

The other choices are not linked to an industry of this kind. Therefore the clarification above is correct.

7 0
4 years ago
Describe what would be some examples of fixed cost and variable cost on a farm?
EleoNora [17]
Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.
4 0
3 years ago
Read 2 more answers
Suppose you're pitching in a softball game and facing a good hitter. you remember that you struck her out with a fastball the la
WARRIOR [948]
<span>When you make this decision, you are primarily using your critical thinking. You are using information you were given in the past and applying it to future events.</span>
8 0
3 years ago
On October 2 a buyer made an offer, which he agreed to keep open for three days. The seller made a counter offer, which the buye
Alisiya [41]

Answer:

Void

Explanation:

As long as the seller made a counter offer, this counter offer made by the seller automatically leads to the rejection of the original offer from the buyer. In this light, as long as the original contract has been rejected by the seller, it is impossible for the seller to then change his mind and make a decision to accepting the original contract because at this point, the contract is void.

8 0
4 years ago
Other questions:
  • Suppose consumer income increases. If grass seed is a normal good, the equilibrium price of grass seed will a. decrease, and pro
    12·1 answer
  • Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co
    11·1 answer
  • Brief Exercise 186 For the items listed below, indicate whether the item is an asset, liability, or stockholders' equity item. 1
    10·1 answer
  • An investment's time horizon affects the after-tax rate of return on investments taxed annually. true or false
    13·2 answers
  • (TCO IF) You have agreed to deliver the underlying commodity on a futures contract in 90 days. Today, the underlying commodity p
    9·1 answer
  • One of the four conditions for perfect competition is few sellers and buyers. <br><br> True or False
    7·1 answer
  • Juan has some shares of risky stock from a start-up company, and other shares of stock from an established company with much les
    7·1 answer
  • What is an example of a comparative advantage of Mexico over the United States?
    15·1 answer
  • Swifty Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A
    8·1 answer
  • the standards for the new galaxy phone specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. last month 1,600
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!