subject
Business, 19.02.2020 02:32 smilingntn33p7pqpp

At year end, Mayce Co. held debt investments with the intent of selling them in the near term. The investments consisted of $300,000, 9%, seven-year bonds, purchased for $278,000. Mayce also held an investment in equity securities purchased for $75,000. At year end, the bonds were selling on the open market for $320,000 and the equity securities had a market value of $90,000. What amount should Mayce report for these investments in its year-end balance sheet?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:00
Jelly has joined drakes team drake sends kelly an email explaining details of the project that she will be working on which of these is good etiquette
Answers: 3
question
Business, 21.06.2019 23:00
The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?
Answers: 2
question
Business, 22.06.2019 04:50
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
question
Business, 22.06.2019 06:30
Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods
Answers: 1
You know the right answer?
At year end, Mayce Co. held debt investments with the intent of selling them in the near term. The i...
Questions
question
Mathematics, 27.05.2020 20:00
question
Mathematics, 27.05.2020 20:00
question
Mathematics, 27.05.2020 20:00
question
Mathematics, 27.05.2020 20:00
Questions on the website: 13722367