Business, 25.02.2020 19:56 fonsworth5

On October 12, 2017, Neptune Corporation invested $700,000 in short-term available-for-sale marketable securities. The market value of this investment was $730,000 at December 31, 2017, but had slipped to $725,000 by December 31, 2018.

In financial statements prepared on December 31, 2017, Neptune Corporation reports:

(A) The asset Investments in Marketable Securities at $730,000, and a $30,000 Unrealized Holding Gain included in total stockholders' equity.
(B) The asset Investments in Marketable Securities at $700,000 with footnote disclosure of the market value of $730,000.
(C) The asset Investments in Marketable Securities at $730,000, and a $30,000 gain recognized in the income statement.
(D) The asset Investments in Marketable Securities at $700,000, and a $30,000 Unrealized Holding Gain included in total stockholders' equity.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:30, samreitz1147

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?

Answers: 1

continue

Business, 22.06.2019 14:00, ujusdied5176

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.

Answers: 1

continue

Business, 23.06.2019 01:30, RKennedy3654

Which of the following is considered part of a country’s infrastructure?

Answers: 3

continue

Business, 23.06.2019 02:30, Arealbot

George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a:

Answers: 1

continue

You know the right answer?

On October 12, 2017, Neptune Corporation invested $700,000 in short-term available-for-sale marketab...