(SOLVED) Cost and fair value for the trading investments

of Kootenay
Cost and fair value for the trading investments of Kootenay Cost and fair value for the trading
investments of Kootenay Ltd. at December 31, 2012, are $102,000 and $118,000, respectively.
(a) Prepare the adjusting entry to record the investments at fair value. (b) Show the financial
statement presentation of the […]

Music Makers Ltd reported trading investments with an original cost Music Makers Ltd. reported
trading investments with an original cost of $115,000 and a fair value of $130,000 at December
31, 2011. It also reported an unrealized gain of $15,000 relating to the investment. During 2012,
the investment was sold […]

Timmerman Ltd purchased 1 million of 10 year bonds at face Timmerman Ltd. purchased $1
million of 10-year bonds at face value (100) in 2012. The bonds were trading at 105 on
December 31, 2012. (a) At what amount would the bonds be reported in the December 31,
2012, statement […]

Indicate how a Trading investments b Investments in associates c Debt investments held

Indicate how (a) Trading investments, (b) Investments in associates, (c) Debt investments held
to maturity are classified on the statement of financial position. Indicate how a Trading
investments b Investments in associates c Debt investments held

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When should a strategic equity investment in a publicly traded When should a strategic equity
investment in a publicly traded company be accounted for using (a) The cost model (b) The
equity method? Would your answer change if the investee was a private company? When
should a strategic equity investment […]

Enviro Corporation reported having 35 000 common shares issued for a Enviro Corporation
reported having 35,000 common shares issued for a total share capital of $140,000 on its
December 31, 2011, statement of financial position. On February 15, 2012, it reacquired 5,000
of these shares. This is the first time […]

Selected financial information in millions except per share information is Selected financial
information (in millions, except per share information) is available for CIBC at October 31:
Instructions Calculate the dividend yield, payout, earnings per share, and return on common
shareholders’ equity ratios for the common shareholders for 2010 and 2009. […]

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