Available-for-sale investments (at fair value)
Noncurrent assets:
Investments in Helsi Co. stock
Stockholders’ equity
Retained earnings
Unrealized gain (loss) on available-for-sale investments
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1. 2016
Jan. 18 360,000
360,000
July 22 27,000
27,000
Oct. 5 28,900
20,000
8,900
Dec. 18 25,500
25,500
Dec. 31 34,000
34,000
2.
Current assets:
Available-for-sale investments (at cost) 340,000$
Plus valuation allowance for available-for-sale investments 34,000
Available-for-sale investments (at fair value) 374,000$
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Investments – Malmo Inc.
Score:
ON
Instructions
Problem 13-3B
Name:
Section:
Solution
Cash
Valuation Allowance for Available-for-Sale Investments
Cash
Dividend Revenue
Gain on Sale of Investments
Cash
Investments – Malmo Inc.
Dividend Revenue
Cash
Unrealized Gain (Loss) on Available-for-Sale Investments
Dividend Revenue
Cash
Dividend Revenue
Income of Helsi Co.
Investment in Helsi Co. Stock
Investment in Helsi Co. Stock
Valuation Allowance for Available-for-Sale Investments
Unrealized Gain (Loss) on Available-for-Sale Investments
Cash
Investment in Helsi Co. Stock
Cash
An asterisk (*) will appear to the right of an incorrect entry.
For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments at cost
b. Valuation allowance for available-for-sale investments
c. Available-for-sale investments (fair value)
d. Interest receivable
e. Investment in Jolly Roger Co. stock
f. Total assets
g. Retained earnings
h. Unrealized gain (loss) on available-for-sale investments
i. Total liabilities and stockholders‘ equity
Market
Cost per Value per
No. of Share (or Share (or
Shares (or $100 of $100 of Fair
Investments par value) of par value) of par value) Cost Value
Bernard Co. stock
Chadwick Co. stock
Gozar Inc. stock
Nightline Co. bonds
Totals
Increase (decrease) in fair value
0%
[Key code here]
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Score:
Key Code:
Instructions
Name:
Section:
An asterisk (*) will appear to the right of an incorrect entry.
For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments at cost 236,170$
b. Valuation allowance for available-for-sale investments (5,800)$
Market
Cost per Value per
No. of Share (or Share (or
Shares (or $100 of $100 of Fair
Investments par value) of par value) of par value) Cost Value
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ON
Key Code:
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Problem 13-4A
Name:
Solution
Section:
Score:
Instructions
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For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments (at cost)
b. Valuation allowance for available-for-sale investments
c. Available-for-sale investments (fair value)
d. Interest receivable
e. Investment in Wright Co. stock
f. Total assets
g. Retained earnings
h. Unrealized gain (loss) on available-for-sale investments
i. Total liabilities and stockholders‘ equity
Market
Cost per Value per
No. of Share (or Share (or
Shares (or $100 of $100 of Total Fair
Investments face amount) face amount) face amount) Cost Value
Alvaraz Inc. stock
Hirsch Inc. stock
Richter Inc.
Toon Co. bonds
Totals
Increase (decrease) in fair value
Name:
Section:
0%
[Key code here]
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Score:
Key Code:
Instructions
An asterisk (*) will appear to the right of an incorrect entry.
For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments (at cost) 147,200$
b. Valuation allowance for available-for-sale investments 4,680$
c. Available-for-sale investments (fair value) 151,880$
Market
Cost per Value per
No. of Share (or Share (or
Shares (or $100 of $100 of Total Fair
Investments face amount) face amount) face amount) Cost Value
Alvaraz Inc. stock 960 $38.00 $41.50 36,480$ 39,840$
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ON
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Problem 13-4B
Name:
Solution
Section:
Score:
Instructions
[Key code here]
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a. 2016
Jan. 14
June 24
Dec. 31
b.
Initial acquisition cost
Equity earnings for 2016
Cash dividends received
Investment in Filington Co. stock balance, Dec. 31, 2016
Exercise 13-11
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Section:
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0%
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Instructions
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a. 2016
Jan. 14 5,250,000
5,250,000
b.
Initial acquisition cost 5,250,000$
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Instructions
Exercise 13-11
Name:
Section:
Solution
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Investment in Filington Co. Stock
Cash
Cash
Investment in Filington Co. Stock
[Key code here]
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a. 2016
Dec. 31
Fair Value
Cost (Dec 31, 2016)
Arden Enterprises, Inc.
French Broad Industries, Inc.
Pisgah Construction, Inc.
Total
Increase (decrease) in fair value of trading investments
b.
Score:
0%
Key Code:
Exercise 13-17
Name:
Section:
(Key essay answer here)
Instructions
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a. 2016
Dec. 31 17,500
17,500
Fair Value
Cost (Dec 31, 2016)
Arden Enterprises, Inc. 150,000$ 170,000$
b.
Key Code:
Instructions
Valuation Allowance for Trading Investments
Unrealized Gain on Trading Investments
Exercise 13-17
Name:
Section:
Solution
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[Key code here]
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a. 2016
Dec. 31
Fair Value
Cost (Dec 31, 2016)
Dust Devil, Inc.
Gale Co.
Whirlwind Co.
Total
Increase (decrease) in fair value
b.
(Key essay answer here)
Instructions
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Exercise 13-22
Name:
Section:
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a. 2016
Dec. 31 4,250
4,250
Fair Value
Cost (Dec 31, 2016)
Instructions
Unrealized Gain (Loss) on Available-for-Sale Investments
Valuation Allowance for Available-for-Sale Investments
Exercise 13-22
Name:
Section:
Solution
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