Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

prepare sterling’s december 31 year-end adjusting entry to report its stock investments with insignificant influence at fair value. 2. after the fair value adjustment is made, prepare the assets section of sterling’s december 31 year-end classified balance sheet. assume sterling plans to sell its stock investments with insignificant influence within the next two months of the upcoming year. 3. in which income statement section is the unrealized gain or loss on the portfolio of stock investments with insignificant influence reported?

Sagot :

Sterling’s December 31 year-end adjusting entry to report its stock investments is

1) Journal Entry:-

Particulars Debit($) Credit($)

Fair Value Adjustment A/c ($25000-(1000*$23)) 2000  

Unrealized Holding Gain (Income Statement)   2000

   

2) Asset Section of Balance Sheet:-

Assets Amount($)

Short Term Investment:-  

Investment in Shares of LDX 23000

Add: Fair Value Adjustment 2000

Total 25000

3) In Income Statement Section Unrealized Holding Gain is reported under Other Comprehensive Income.

Unrealized Holding Gain Amount = $2000

When you have some savings to invest, feel equipped to shop for shares, and don't need the cash for at least 5 years, then yes, leap in. even when the marketplace has lows — and 2022 has been full of them — in case you're invested for the long term, you'll have time to get better losses.

The easiest way to shop for shares is thru an online stockbroker. After opening and funding your account, you could purchase stocks via the broking's website in a remember of mins. other options consist of the use of a complete-service stockbroker or buying a stock without delay from the company.

Yes, you could lose any amount of money invested in shares. A corporation can lose all its fees, with a view to probably translate right into a declining stock fee. inventory expenses also range relying on the delivery and call for of the stock. If an inventory drops to 0, you can lose all of the cash you've invested.

Learn more about stock here https://brainly.com/question/18124452

#SPJ4

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.