Brief exercise 7.4 accounting for marketable securities mumford corporation invested $30,000 in marketable securities on december 4. on december 9, it sold some of these investments for $10,000, and on december 18, it sold more of these investments for $5,000. the securities sold on december 9 had cost the company $7,000, whereas the securities sold on december 18 had cost the company $6,000. record the purchase of marketable securities on december 4. record the sale of marketable securities on december 9. record the sale of marketable securities on december 18. record the necessary fair value adjustment on december 31, assuming that the market value of the company’s remaining unsold securities was $20,000.
Answers: 3
Another question on Business
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
Business, 22.06.2019 17:00
Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?
Answers: 1
Business, 23.06.2019 00:50
Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one
Answers: 3
Business, 23.06.2019 01:30
How is systematic decision making related to being financially responsible
Answers: 1
You know the right answer?
Brief exercise 7.4 accounting for marketable securities mumford corporation invested $30,000 in mark...
Questions
Mathematics, 28.01.2021 18:10
English, 28.01.2021 18:10
Computers and Technology, 28.01.2021 18:10
Computers and Technology, 28.01.2021 18:10
Chemistry, 28.01.2021 18:10
World Languages, 28.01.2021 18:10
Mathematics, 28.01.2021 18:10
History, 28.01.2021 18:10
English, 28.01.2021 18:10
Physics, 28.01.2021 18:10
Mathematics, 28.01.2021 18:10
Advanced Placement (AP), 28.01.2021 18:10
Mathematics, 28.01.2021 18:10
