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Securities Report

Business & Finance
Tutor: None Selected Time limit: 0 Hours

You have just joined a CPA firm. This is your first time working with the client.
The client has asked for help in reporting some securities, and the audit
manager on the job has asked you for recommendations on the reporting.

Provide a 400-600 words report that includes your recommendations on reporting, and its effect on carrying value and earnings in each of the following situations:

1. The client has an equity security that has declined in value (i.e., the market
     value is less than what he or she paid for it [cost]). It is currently
     classified as available-for-sale, but the client would like to
     change its reporting to a trading security.

  1. The client has a combination of investments in a portfolio that are long-term
         investments. The portfolio has increased in value on the whole, but there
         is one stock whose value has fallen by more than 60%. The client thinks
         that this decline in value is permanent.
  2. The client has a portfolio of trading securities that has dropped 20% in
         value. He or she has another portfolio that is available-for-sale and its
         fair value has increased by 40%.

Aug 19th, 2013
hello friend can i assist you work on this assignment?
Aug 19th, 2013

Thanks for asking first. Sure you may.

Aug 19th, 2013

i will change you 20dollars.please report the work so that you can pay the downpayment

Aug 19th, 2013

$20? Down payment? How do I know you have answered my question properly?  It's easy to give money but it's hard to take it back.

Aug 19th, 2013

okay you pay the downpayment to commit yourself you will get the work before you purchase it.

Aug 19th, 2013

Do you mean increase my pledge? What down payment are you talking about? I'm not paying until I see your work! This is not how Like Plum set it up and I expected.

Aug 19th, 2013

just post the question again with the pledge as 20 so that you pat 10 dollars as the down payment, i work out you assignment and i post and choose whether you like the work or not them make the full pay that how it works out here my friend.

Aug 19th, 2013

If I am just going back in forth with you with no result in your end, then go away.

Aug 19th, 2013

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Aug 19th, 2013
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Aug 19th, 2013
Dec 5th, 2016
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