Jun 2nd, 2015
Studypool Tutor
Price: $10 USD

Tutor description


Word Count: 381
Showing Page: 1/4
P17-1a. 31-Dec-04Held-to-maturity securitiesCashb. 31-Dec-05Interest receivableInterest revenueHeld-to-maturity securitiesc.CashHeld to Maturity SecuritiesInterest Revenued.Available for Sale SecuritiesCash108,660108,6607,0005,4331,567700017285272108,660108,660e.December 31, 2005Interst ReceivableAvailable for sale securitiesInterest RevenueUnrealized holing gain or loss - EquitySecurities fair value adjustment (available for sale)(107,093 - 106,500)$7,000$1,567$5,433$593$593f.December 31, 2007Interest receivableAvailable for sale securitiesInterest revenueUnrealized Holding Gain or Loss - EquitySecurities fair value adjustment (available for sale)$7,000$1,728$5,272($122)($122)P17-9(a) What should be reported on Woolfords December 31, 2006, balance sheet relative to these longtermavailable-for-sale securities?CostFavre, Inc.Brady Corp.McNabb CompanyTotal portfolioFair ValueUnrealized Gain (Loss)$22,000115,000$32,00085,000$10,000-30,000124,00096,000-28,000($48,000)$261,000$213,000On Woolford's December 31, 2006 balance sheet the total portfolio at fair value $213,000 should be reported

Review from student

Studypool Student
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors