M.T. Glass, Inc. purchased the following investments on January 1, 2028: 1. 21,000 shares (representing 42%) of AA Company stock for $546,000 2. 18,000 shares (representing 9%) of ZZ Company stock for $306,000 AA Company and ZZ Company reported the following information for the years 2028 and 2029: 2028: Net income Total dividends paid Market value at Dec 31 2029: Net income Total dividends paid Market value at Dec 31 AA Company $140,000 $ 78,000 $33 per share AA Company $210,000 $ 90,000 $35 per share ZZ Company $225,000 $ 53,000 $22 per share ZZ Company $280,000 $125,000 $23 per share Calculate the total investments shown in M.T. Glass, Inc.'s December 31, 2028 balance sheet (i.e., the balance in the Investment in AA Company plus the balance in the Investment in ZZ Company).

Live Large Inc. had the following transactions involving non-strategic investments during 2020. 2020     Apr. 1   Paid $119,000 to buy a 90-day term deposit, $119,000 principal amount, 7.0%, dated April 1.   12   Purchased 4,900 common shares of Blue Balloon Ltd. at $22.50. June 9   Purchased 3,700 common shares of Purple Car Corp. at $51.50.   20   Purchased 1,650 common shares of Yellow Tech Ltd. at $16.00. July 1   Purchased for $86,894 a 9.0%, $84,000 Space Explore Inc. bond that matures in eight years when the market interest rate was 8.4%. Interest is paid semiannually beginning December 31, 2020. Live Large Inc. plans to hold this investment until maturity.   3   Received a cheque for the principal and accrued interest on the term deposit that matured on June 30.   15   Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares.   28   Sold 2,450 of the Blue Balloon Ltd. common shares at $26.25. Sept. 1   Received a $3.00 per share cash…

WAG PAPALOKO Inc. has the following balance sheet on January 1, 2018, which is the date of acquisition:   Assets   Liabilities and Equity Accounts Receivable 79,000   Current Liabilities 145,000 Inventory 112,000   Long-term notes 100,000 Other current assets 55,000   Ordinary share, P1 par 50,000 Equipment (net) 294,000   Share premium 200,000 Goodwill 30,000   Retained earnings 75,000 Total assets 570,000   Total liabilities and equity 570,000   On January 1, 2018, WAG PAPATINAG Corp. acquired the net assets of WAG PAPALOKO Inc. by issuing 7,000 shares of its P25 par value common stock. Subsequently, WAG PAPALOKO Inc. was liquidated and its assets and liabilities merged into WAG PAPATINAG Corp. WAG PAPATINAG Corp. and WAG PAPALOKO Inc. stocks were selling for P40 per share and P6 per share, respectively on January 1, 2018.   The book values of WAG PAPALOKO Inc.’s identifiable assets and liabilities equaled their…

A company repurchased 10,000 of its outstanding ordinary shares with par value 2$ for 6$ in 5/01/2024, at 31/01/2024 the company re-issued 5000 for 7.5, and in 28/02/2024 issued 4000 for 2.5 which recorded in the company books for: OA. debit retained earning for $6500 OB. debit premium treasury for 6500 OC. debit treasury shares for 10,000 OD. credit treasury premium for 7500

The following information is available about Ayayai Corp.'s investments at December 31, 2023. This is the first year Ayayai has purchased securities for investment purposes. Securities 2,500 shares of Petra Corporation common shares 900 shares of Dugald Inc. preferred shares Ayayai follows IFRS. (a) Cost Account Titles and Explanation $25,000 18,000 $43,000 Fair Value $30,000 16,000 $46,000 Prepare the adjusting entry for December 31, 2023, assuming the investments are acquired for trading purposes and accounted for using the FV-NI model with no separate reporting of dividends and other types of FV-NI investment income and losses. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Debit Credit

On January 1, 2020, Churl Company paid $1,700,000 for a 40% stake in Flip Company. The Flip Company's stockholders equity on January 1 and December 31, 2020 is shown below: Share capital Revaluation surplus Retained earnings January 1 3,000,000 1,000,000 December 31 3,000,000 1,300,000 1,500,000 By Jan 1, 2020, all of Flip's identified assets and liabilities were recognized at fair value. During the current fiscal year, the flip firm recorded a profit before income tax of 1,000,000 and paid dividends to stockholders of 150,000. The revaluation excess is the outcome of Flip Company's land reassessment on December 31, 2020. Flip displays OCI net of any relevant income tax. Furthermore, Flip Company provides depreciation using the declining balance approach, whereas Churl Company employs a straight line. The cumulative depreciation would have been enhanced by 200,000 if Flip Company had used the straight line. The tax rate is set at 35%. On December 31, 2020, Churl Company will report its…

Rahul

Q1: How much is the investment income on 2021? Q2: How much is the carrying amount of the Investment in Associate as of December 31, 2021?

H1.

Presented below is information related to the purchases of common stock by Bridgeport Company during 2025. Fair Value (at December 31) $68,000 306,000 194,000 $568,000 Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock Total (a) (b) Cost (at purchase date) $90,000 252,000 (Assume a zero balance for any Fair Value Adjustment account at the beginning of 2025.) 184,000 (b) $526,000 What entry would Bridgeport make at December 31, 2025, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? No. Account Titles and Explanation (a) What entry would Bridgeport make at December 31, 2025, to record the investments in the Lee and Woods corporations, assuming that Bridgeport did not select the fair value option for these investments? (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry…