At year end, mayce co. held 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, and other debt securities purchased for $75,000. at year end, the bonds were selling on the open market for $320,000 and the other debt securities had a market value of $90,000. what amount should mayce report as trading securities in its year-end balance sheet?

What is the difference between secure bonds and naked bonds?

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?