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
charle [14.2K]
2 years ago
5

At December 31, 2020, the available-for-sale debt portfolio for Blossom, Inc. is as follows.

Business
1 answer:
NARA [144]2 years ago
4 0

Answer:

a.                                      Blossom Inc

                    Statement of Comprehensive Income

                  For the Year Ended December 31, 2020

Particulars                                                               Amount

Net income                                                            $123,000

<u>Other comprehensive income</u>:

Add: Unrealized holding gain                               <u>$3,400</u>

Comprehensive income                                       <u>$126,400</u>

b.                                       Blossom Inc

                    Statement of Comprehensive Income

                  For the Year Ended December 31, 2021

Particulars                                                               Amount

Net income                                                            $142,000

<u>Other comprehensive income</u>:  

Total holding gains in 2021                $41,000

Add: Reclassification adjustment-      <u>$2,700</u>      

for loss included in net income                             <u>$38,300</u>

Comprehensive income                                        <u>$180,300</u>

Note:

Particulars                                                                  Amount

Net amount received from the sale of Security A   $17,900

Less: Cost of Security A                                            <u>$15,200</u>

Loss on the sale of Security A                                <u>($2,700)</u>

You might be interested in
Capital market securities include all of the following EXCEPT:
Stells [14]

Answer:

The asnwer is C, Certificate of deposit.

Explanation:

In the U.S., securities are defined as contracts in which one party invests money with another and expects to make a return.

Regular bank cerificates of deposits are not regulated as securities.

Cerificates of deposits are time-deposit agreements between individuals and banks that involve a depositor committing funds to the bank for a predetermined period of time in exchange for a specified rate of interest.

3 0
3 years ago
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same
zmey [24]

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.

Explanation:

In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.

Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.

3 0
3 years ago
3m is a master of the __________ pricing strategy. according to a 3m manager, "we hit fast, price high, and get the heck out whe
Alex777 [14]
E


I hope this helps and have a wonderful day filled with joy!!


<3
5 0
3 years ago
Communication response time must be faster than in the past to succeed in modern workplace t or f?
goblinko [34]

Answer:

T.

Communication response time must be faster than in the past to succeed in the modern workplace. TRUE.

8 0
3 years ago
Read 2 more answers
Which of the following situations is the demand most likely to be reduced
Kay [80]

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

3 0
3 years ago
Other questions:
  • Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from non
    9·1 answer
  • A pre-purchase inspection differs from a pre-sale inspection in that a. it's requested by the home buyer rather than the seller.
    6·1 answer
  • oss Music Inc. reported the following selected information at March 31. 2022 Total current assets $262,787 Total assets 439,832
    6·1 answer
  • The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases. false true
    10·1 answer
  • On July 8, Action Co. issued a $70,000, 6%, 120-day note payable to Scanlon Co. Assuming a 360-day year, what information is nee
    12·1 answer
  • Which of the followin is NOT a reason why the required return on a bond may differ form its par value?
    6·1 answer
  • Monica, 22 just started working full time and plans to deposit $3,000 annually into a roth ira earning 12 percent interest compo
    12·1 answer
  • Michael Angelo's Pepperoni Mini Calzones are easy-to-prepare snacks, but the manufacturer believes customers are not buying the
    11·1 answer
  • What are the 5 industries which comprise two-thirds of Houston’s total exports?
    7·1 answer
  • Theo quan điểm hiện đại khi tiếp cận chi phí chất lượng, chi phí chất lượng thấp nhất là khi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!