On December 21, 2020, Marin Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading) Cost Fair Value Unrealized Gain (Loss) Clemson Corp. stock $19,900 $18,900 $(1,000) Colorado Co. stock 10,300 9,200 (1,100) Buffaloes Co. stock 19,900 20,460 560 Total of portfolio $50,100 $48,560 (1,540) Previous fair value adjustment balance 0 Fair value adjustment-Cr. $(1,540) During 2021, Colorado Co. stock was sold for $9,750. The fair value of the stock on December 31, 2021, was Clemson Corp. stock- $19,000: Buffaloes Co. stock-$20.350. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. (c) Prepare the adjusting journal entry needed on December 31, 2021. (Credit account titles are automatically indented when 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) No. Account Titles and Explanation Debit Credit (8)

Here is the trial balance of MAEMBE Ltd as at 30 April 2024 DR CR TZS TZS Share capital: authorised and issued 200,000.0 Stock as at 30 April 2023 102,994.0 Debtors 227,219.0 Creditors 54,818.0 8% debentures 40,000.0 Fixed assets replacement reserve 30,000.0 General reserve 15,000.0 Profit and loss account as at 30 April 2023 12,411.0 Debenture interest 1,600.0 Equipment at cost 225,000.0 Motor vehicles at cost 57,200.0 Bank 4,973.0 Cash 62.0 Sales 880,426.0 Purchases 419,211.0 Returns inwards 18,400.0 Carriage inwards 1,452.0 Wages and salaries 123,289.0 Rent, business rates and insurance 16,240.0 Discounts allowed 3,415.0 Directors’ remuneration 82,400.0 Provision for depreciation at 30 April 2023: Equipment 32,600.0 Motor vehicles 18,200.0 TOTAL 1,283,455.0 1,283,455.0 Given the following information as at 30 April 2024, draw up a profit and loss account and balance sheet for the year to that date: (i) Stock TZS 111,317. (ii) The share…

Kramer Company's trading debt investments portfolio is as follows: Catlett Corp. Lyman, Inc. OGOO Cost €250,000 245,000 A. €0. B. €30,000 Loss. C. €10,000 Gain. D. €10,000 Loss. €495,000 December 31, 2022 Fair Value €200,000 265,000 €465,000 Unrealized Gain (Loss) ? ? What amount should be reported as a loss or gain in Kramer's 2022 income statement, if the old balance of unrealized gain or loss in the previous year december 31, 2021 was €40,000 loss? ?

On December 21, 2020, Grouper Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading)   Cost   Fair Value   Unrealized Gain (Loss) Clemson Corp. stock   $21,600   $20,700   $(900 ) Colorado Co. stock   10,700   9,600   (1,100 ) Buffaloes Co. stock   21,600   22,200   600   Total of portfolio   $53,900   $52,500   (1,400 ) Previous fair value adjustment balance           0   Fair value adjustment—Cr.           $(1,400 ) During 2021, Colorado Co. stock was sold for $10,140. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$20,790; Buffaloes Co. stock—$22,110. None of the equity investments result in significant influence. (a)   Prepare the adjusting journal entry needed on December 31, 2020. (b)   Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. (c)   Prepare the adjusting journal entry needed on December 31,…

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On December 21, 2020, Buffalo Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading)   Cost   Fair Value   Unrealized Gain (Loss) Clemson Corp. stock   $ 19,200   $ 18,300   $( 900 ) Colorado Co. stock   9,500   8,600   ( 900 ) Buffaloes Co. stock   19,200   19,800   600   Total of portfolio   $ 47,900   $ 46,700   ( 1,200 ) Previous fair value adjustment balance           0   Fair value adjustment—Cr.           $( 1,200 ) During 2021, Colorado Co. stock was sold for $ 9,150. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$ 18,400; Buffaloes Co. stock—$ 19,690. None of the equity investments result in significant influence. (a)   Prepare the adjusting journal entry needed on December 31, 2020. (b)   Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. (c)   Prepare the adjusting journal entry needed on…

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How do I determine how the firm is financing investment in assets? Based on Lowe's 2019 balance sheet Long-term Debt – $16,768mil Common Stock, $.50 par value $381mil Preferred Stock, $5 par value, none issued  What would this mean to an investor?

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