1 answer

Question 1 Trading investments include ob equity securities in which the investor holds less than 20...

Question:

Question 1 Trading investments include ob equity securities in which the investor holds less than 20 percent of the voting st
Question 1 Trading investments include ob equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable investments in debt securities that the investor intends to hold until they mature investments in debt and equity securities that are highly liquid and that the investor intends to hold until they mature O d Question 2 Sinopia Corporation reported trading investments at fair value of $186,000 on December 31, 2016. There is a decrease of $5.200 in the air value of the trading investments by the end of the year 2017. Which of the following is the correct journal entry a Ob e O d Trading Investments 5.200 Unrealized Holding Loss-Trading 5.200 Unrealized Holding Loss-Trading 5.200 Trading investments 5.200 Fair Value Adjustment Trading 5.200 Unrealed Holding Loss-Trading 5.200 Unrealized Holding Loss-Trading 5.200 Fair Value Adjustment- Trading 5.200 Question 3 Jade Investments, Inc. purchased 40% of the common stock of Ivory Corporation on March 1, 2017 Ivory Corporation reports income of $715,000 for the 2017 year. Which of the following is the correct journal entry? Long-term investments Ivory Corporation 286.000 Revenue from investments 286.000 Revenue from investments 286.000 Long-term investments-Ivory Corporation 206.000 Cash 26.000 Revenue from investments 286.000 Revenue from investments 20.000 Cash 286.000 O Od

Answers

Answer-1:

Option a is the correct answer

Trading securities include both - Securities in which holds less than 20% of investee's voting stock (if equity security) and that the investor plans to sell in the very near future.

Answer-2:

Option d is the correct answer

Answer-3:

Option a is the correct answer

.

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