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aliya0001 [1]
3 years ago
12

Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its De

cember 31, 2020, income statement Hobson reported a net unrealized holding loss of $15,500 on these securities. Pertinent data at the end of June 2021 is as follows:
Security Cost Fair Value
X $371,000 $343,500
Y 185,000 162,400
Z 424,000 407,800

Required:
What amount of unrealized holding loss on these securities should Hobson include in its income statement for the six months ended June 30, 2021?
Business
1 answer:
Wewaii [24]3 years ago
3 0

Answer:

$50,800

Explanation:

Security     Cost       Fair value     Gain(loss)

X              371,000    343,500        -27,500  

Y              185,000     162,400        -22,600  

Z              <u>424,000</u>    <u>407,800</u>        <u>-16,200 </u>

Total        <u>980,000</u>    <u>913,700</u>         <u>-66,300</u>

Unrealized holding loss on Income statement ended June 30,2021 = $66,300 - $15,500 = $50,800

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In this case, Patagonia uses personal hobbies and lifestyle as part of their requirements for applying for a job, other companies might focus more on leadership skills, education, experience, but it depends on the type of product or service that the company sells.

4 0
3 years ago
I will mark you as brainliest !!
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Answer:

400,000

Explanation:

7% of what number = 28,000

(0.07)(X) = 28,000

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5 0
3 years ago
$1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If your nominal annual required rate of ret
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Answer:

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Explanation:

Calculation to determine how much should you be willing to pay for this bond

Using this formula

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the audit working paper that reflects the major components of an amount reported in the financial statement is the
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The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
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  • The sum for the related line item in a client's financial statements should match the number on the lead schedule.
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brainly.com/question/13812517

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