Homework Answers
Solution:
| 31-Dec-15 | Existing balance in Fair Value Adjustment-AFS (LT) | $0.00 |
| Required balance in Fair Value Adjustment-AFS (LT) ($304,823 - $314,250) | -$9,427.00 | |
| Adjustment required to Fair Value Adjustment-AFS (LT) | -$9,427.00 | |
| 31-Dec-16 | Existing balance in Fair Value Adjustment-AFS (LT) | -$9,427.00 |
| Required balance in Fair Value Adjustment-AFS (LT) ($379,740 - $358,245) | $21,495.00 | |
| Adjustment required to Fair Value Adjustment-AFS (LT) | $30,922.00 | |
| 31-Dec-17 | Existing balance in Fair Value Adjustment-AFS (LT) | $21,495.00 |
| Required balance in Fair Value Adjustment-AFS (LT) ($576,373 - $487,213) | $89,160.00 | |
| Adjustment required to Fair Value Adjustment-AFS (LT) | $67,665.00 | |
| 31-Dec-18 | Existing balance in Fair Value Adjustment-AFS (LT) | $89,160.00 |
| Required balance in Fair Value Adjustment-AFS (LT) ($654,766 - $735,692) | -$80,926.00 | |
| Adjustment required to Fair Value Adjustment-AFS (LT) | -$170,086.00 |
| Journal Entries - Ticker Services | |||
| Date | Particulars | Debit | Credit |
| 31-Dec-15 | Unrealised holding gain or loss - OCI Dr | $9,427.00 | |
| To Fair value adjustment - AFS (LT) | $9,427.00 | ||
| (To record fair value adjustment for available for sale securities) | |||
| 31-Dec-16 | Fair value adjustment - AFS (LT) Dr | $30,922.00 | |
| To Unrealised holding gain or loss - OCI | $30,922.00 | ||
| (To record fair value adjustment for available for sale securities) | |||
| 31-Dec-17 | Fair value adjustment - AFS (LT) Dr | $67,665.00 | |
| To Unrealised holding gain or loss - OCI | $67,665.00 | ||
| (To record fair value adjustment for available for sale securities) | |||
| 31-Dec-18 | Unrealised holding gain or loss - OCI Dr | $170,086.00 | |
| To Fair value adjustment - AFS (LT) | $170,086.00 | ||
| (To record fair value adjustment for available for sale securities) | |||
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Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost...
Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 Ticker Services began operations in...
Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow Portfolio of Available-for-Sale Securities December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 Cost $301,840 344,098 467,973 706,639 Fair Value $292, 785 364, 744 553,612 628,909 Prepare journal entries to record each year-end fair value adjustment for these securities Complete...
Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale securities. The year-end cost...
Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. The year end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is: Available-for-Sale Securities December 31, 20x1 December 31, 20x2 December 31, 20X3 Cost $295,000 $376,000 $446,000 Fair Value $277,000 $396,000 $495,000 Multiple Choice O Debit Unrealized Gain-Equity $18,000: Credit Fair Value Adjustment - Available-for-Sale (LT) $18,000. 0 O Debit Unrealized...
Ticker Services began operations in Year 1 and holds long-term investments in available for sale debt...
Ticker Services began operations in Year 1 and holds long-term investments in available for sale debt securities. The vear-end cost and fair values for its portfolio of these investments follow. Portfolio of Available for Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $12,600 18,20€ 21,300 16,389 Fair Value $16,209 27,480 32,eee 21,700 Prepare journal entries to record each year-end fair value adjustment for these securities View transaction list Journal...
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The...
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities Cost Fair Value December 31, Year 1 $ 12,600 $ 16,200 December 31, Year 2 18,200 27,400 December 31, Year 3 21,300 32,000 December 31, Year 4 16,300 21,700 Prepare journal entries to record each year-end fair value adjustment for these securities.
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The...
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $11,000 18,500 21,100 15,400 Fair Value $17,700 26,400 31,900 19,800 Prepare journal entries to record each year-end fair value adjustment for these securities. 1 Record the year-end adjustment to fair value,...
Most of my answers are wrong Ticker Services began operations in Year 1 and holds long-term...
Most of my answers are wrong
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $ 12,200 18,100 20,600 14,800 Fair Value $ 18,900 27,800 32,700 21,800 Prepare journal entries to record each year-end fair value adjustment for these securities....
Saved Help Save Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt...
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Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 TIcker Services began operations in...
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Stoll Co.'s long-term available for sale portfolio at the start of this year consists of the...
Stoll Co.'s long-term available for sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $534,300 159,49€ 661,9ee Fair Value $490, eee 148,888 644,280 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,5ee. July 6 Purchased bonds of Company X for $120,600. Nov. 13 Purchased notes of Company Z for $267,000....
Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow Portfolio of Available-for-Sale Securities December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 Cost $301,840 344,098 467,973 706,639 Fair Value $292, 785 364, 744 553,612 628,909 Prepare journal entries to record each year-end fair value adjustment for these securities Complete...
Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. The year end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is: Available-for-Sale Securities December 31, 20x1 December 31, 20x2 December 31, 20X3 Cost $295,000 $376,000 $446,000 Fair Value $277,000 $396,000 $495,000 Multiple Choice O Debit Unrealized Gain-Equity $18,000: Credit Fair Value Adjustment - Available-for-Sale (LT) $18,000. 0 O Debit Unrealized...
Ticker Services began operations in Year 1 and holds long-term investments in available for sale debt securities. The vear-end cost and fair values for its portfolio of these investments follow. Portfolio of Available for Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $12,600 18,20€ 21,300 16,389 Fair Value $16,209 27,480 32,eee 21,700 Prepare journal entries to record each year-end fair value adjustment for these securities View transaction list Journal...
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $11,000 18,500 21,100 15,400 Fair Value $17,700 26,400 31,900 19,800 Prepare journal entries to record each year-end fair value adjustment for these securities. 1 Record the year-end adjustment to fair value,...
Most of my answers are wrong
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $ 12,200 18,100 20,600 14,800 Fair Value $ 18,900 27,800 32,700 21,800 Prepare journal entries to record each year-end fair value adjustment for these securities....
Saved Help Save Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year end cost and fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1is: Available-for-Sale Securities Cost Fair Value December 31, 20x1 $300,000 $281,000 December 31, 20x2 $380,000 $401,500 Multiple Choice Debit Unrealized Gain-Equity $19000 Credit Fair Value Adjustment - Available for Sale (LT) $19.000 Debit Unrealized Loss -...
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Exercise 15-10 Multiyear fair value adjustments to available-for-sale securities LO P3 TIcker Services began operations in 2015 and maintains long-term Investments in avalilable-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow rtfolio of Available-for-Sale Securitien December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 Cost Fair Value 352,060 $341,49 401,340 45,833 824,208 425, 429 645,720 733,545 Prepare journal entries to record each year-end fair value adjustment for these securities We were...
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