During the current year, the Yankton Company purchased 200 shares of in the Sorros Company for $13,000 as a temporary investment. At the end of the year, the market value of the stock was $11,000. The Yankton Company's financial statements for the current year should show
A) a loss of $2,000 on the income statement and temporary investments of $13,000 on the balance sheet
B) no loss on the income statement and temporary investments of $13,000 on the balance sheet
C) a gain of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet
D) a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet
D
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In order to estimate the average electric usage per month, a sample of 196 houses was selected, and their electric usage determined
a. Assume a population standard deviation of 350-kilowatt hours. Determine the standard error of the mean. b. With a 0.95 probability, determine the margin of error. c. If the sample mean is 2,000 KWH, what is the 95% confidence interval estimate of the population mean?
Product innovation is a change in the
A) way the outputs of an organization are produced. B) way the organization creates and delivers value. C) outputs the organization produces. D) value of the product alone. E) product focus of the organization.
Leonor is the financial vice-president and owns 60% of Ruston Co. Ruston is an S corporation and reports taxable income of $200,000 before Leonor’s salary. Leonor receives a $50,000 salary. What is Leonor's income from Ruston?
A. $50,000 B. $120,000 C. $140,000 D. $170,000
A corporation redeems 10 percent of the stock of each shareholder in a family-owned corporation. The shareholders will recognize capital gains on the sale of their stock back to the corporation.
Answer the following statement true (T) or false (F)