Presented below is selected information related to the financial instruments of crane company at december 31, 2017. this is crane company’s first year of operations. carrying amount fair value (at december 31) investment in debt securities (intent is to hold to maturity) $39,900 $40,900 investment in chen company stock 848,500 958,500 bonds payable 236,500 210,400 (a) crane elects to use the fair value option for these financial instruments (the fair value option for financial liabilities is discussed in chapter 14). assuming that crane’s net income is $109,000 in 2017 before reporting any securities gains or losses, determine crane’s net income for 2017 (assume that the difference between the carrying value and fair value is due to credit deterioration).

The new york stock exchange is an example of what type of stock market?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

According to this excerpt, a key part of our national security strategy is