SlideShare a Scribd company logo
1 of 1
15
he investments of Charger Inc. include a single investment: 14,500 shares of Raiders Inc.
common stock purchased on February 24, 2014, for $38 per share including brokerage
commission. These shares were classified as trading securities. As of the December 31, 2014,
balance sheet date, the share price had increased to $42 per share.
Journalize the entries to acquire the investment on February 24, and record the adjustment to fair
value on December 31, 2014.
Solution
Journal Enties
Feb, 14 Investment in Shares of Raider Inc Dr 551000 (14500*38)
To Cash 551000
( Being Investments made in shares)
Dec 31, 2014 Trading Securities ( i..e. Investment in shares of rAIDERS iNc)Dr 58000 (42-
38*14500)
To Unrealised gain on trading securities 58000

More Related Content

More from todd511

More from todd511 (15)

13- Use the table below to write the name of the polymer and its use-.docx
13- Use the table below to write the name of the polymer and its use-.docx13- Use the table below to write the name of the polymer and its use-.docx
13- Use the table below to write the name of the polymer and its use-.docx
 
11-What will be the output of the following program when the button is.docx
11-What will be the output of the following program when the button is.docx11-What will be the output of the following program when the button is.docx
11-What will be the output of the following program when the button is.docx
 
12- Which of the following is a current liability- A) Preferred divid.docx
12- Which of the following is a current liability-  A) Preferred divid.docx12- Which of the following is a current liability-  A) Preferred divid.docx
12- Which of the following is a current liability- A) Preferred divid.docx
 
12- Mayberry engaged Williams as her agent-It was mutually agreed that.docx
12- Mayberry engaged Williams as her agent-It was mutually agreed that.docx12- Mayberry engaged Williams as her agent-It was mutually agreed that.docx
12- Mayberry engaged Williams as her agent-It was mutually agreed that.docx
 
12- Cholesteroi- of th a- a steroidb- a triterpenoidboth a and b Part.docx
12- Cholesteroi- of th a- a steroidb- a triterpenoidboth a and b Part.docx12- Cholesteroi- of th a- a steroidb- a triterpenoidboth a and b Part.docx
12- Cholesteroi- of th a- a steroidb- a triterpenoidboth a and b Part.docx
 
13- What is a cyber-attack- Give two examples of politically motivated.docx
13- What is a cyber-attack- Give two examples of politically motivated.docx13- What is a cyber-attack- Give two examples of politically motivated.docx
13- What is a cyber-attack- Give two examples of politically motivated.docx
 
13- An ester-containing lipid has four types of components (an alcohol.docx
13- An ester-containing lipid has four types of components (an alcohol.docx13- An ester-containing lipid has four types of components (an alcohol.docx
13- An ester-containing lipid has four types of components (an alcohol.docx
 
1S- N-N-diethyl-m-tolumide (DEET) is the active ingredient in many mos.docx
1S- N-N-diethyl-m-tolumide (DEET) is the active ingredient in many mos.docx1S- N-N-diethyl-m-tolumide (DEET) is the active ingredient in many mos.docx
1S- N-N-diethyl-m-tolumide (DEET) is the active ingredient in many mos.docx
 
19- All forms of energy- a) Either have the potential to move mass thr.docx
19- All forms of energy- a) Either have the potential to move mass thr.docx19- All forms of energy- a) Either have the potential to move mass thr.docx
19- All forms of energy- a) Either have the potential to move mass thr.docx
 
19- Which of the following should exhibit resonance- HCN CF4 BH3 SO2.docx
19- Which of the following should exhibit resonance-  HCN CF4 BH3 SO2.docx19- Which of the following should exhibit resonance-  HCN CF4 BH3 SO2.docx
19- Which of the following should exhibit resonance- HCN CF4 BH3 SO2.docx
 
19- (TCO 5) A minor review is (Points - 5) done as part of a majo.docx
19- (TCO 5) A minor  review is (Points - 5)     done as part of a majo.docx19- (TCO 5) A minor  review is (Points - 5)     done as part of a majo.docx
19- (TCO 5) A minor review is (Points - 5) done as part of a majo.docx
 
18- An independent auditor must have which of the following- A- A ba.docx
18- An independent auditor must have which of the following-   A- A ba.docx18- An independent auditor must have which of the following-   A- A ba.docx
18- An independent auditor must have which of the following- A- A ba.docx
 
16- Gwen the following information- calculate- a- Gross domestic produ.docx
16- Gwen the following information- calculate- a- Gross domestic produ.docx16- Gwen the following information- calculate- a- Gross domestic produ.docx
16- Gwen the following information- calculate- a- Gross domestic produ.docx
 
11-What is wrong with the following program that intends to calculate.docx
11-What is wrong with the following program that intends to calculate.docx11-What is wrong with the following program that intends to calculate.docx
11-What is wrong with the following program that intends to calculate.docx
 
16- Which of the following is not true with respect to the auditors-'.docx
16- Which of the following is not true with respect to the auditors-'.docx16- Which of the following is not true with respect to the auditors-'.docx
16- Which of the following is not true with respect to the auditors-'.docx
 

Recently uploaded

Poster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdfPoster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdf
Alexander Litvinenko
 
The basics of sentences session 4pptx.pptx
The basics of sentences session 4pptx.pptxThe basics of sentences session 4pptx.pptx
The basics of sentences session 4pptx.pptx
heathfieldcps1
 
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
中 央社
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
中 央社
 

Recently uploaded (20)

Poster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdfPoster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdf
 
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinhĐề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
 
Dementia (Alzheimer & vasular dementia).
Dementia (Alzheimer & vasular dementia).Dementia (Alzheimer & vasular dementia).
Dementia (Alzheimer & vasular dementia).
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
The basics of sentences session 4pptx.pptx
The basics of sentences session 4pptx.pptxThe basics of sentences session 4pptx.pptx
The basics of sentences session 4pptx.pptx
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024
 
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
 
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjjStl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
 
II BIOSENSOR PRINCIPLE APPLICATIONS AND WORKING II
II BIOSENSOR PRINCIPLE APPLICATIONS AND WORKING IIII BIOSENSOR PRINCIPLE APPLICATIONS AND WORKING II
II BIOSENSOR PRINCIPLE APPLICATIONS AND WORKING II
 
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading RoomImplanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
 
PSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptxPSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptx
 
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
 
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
 
Basic Civil Engineering notes on Transportation Engineering, Modes of Transpo...
Basic Civil Engineering notes on Transportation Engineering, Modes of Transpo...Basic Civil Engineering notes on Transportation Engineering, Modes of Transpo...
Basic Civil Engineering notes on Transportation Engineering, Modes of Transpo...
 
Improved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio AppImproved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio App
 
Benefits and Challenges of OER by Shweta Babel.pptx
Benefits and Challenges of OER by Shweta Babel.pptxBenefits and Challenges of OER by Shweta Babel.pptx
Benefits and Challenges of OER by Shweta Babel.pptx
 
Word Stress rules esl .pptx
Word Stress rules esl               .pptxWord Stress rules esl               .pptx
Word Stress rules esl .pptx
 

15 he investments of Charger Inc- include a single investment- 14-500.docx

  • 1. 15 he investments of Charger Inc. include a single investment: 14,500 shares of Raiders Inc. common stock purchased on February 24, 2014, for $38 per share including brokerage commission. These shares were classified as trading securities. As of the December 31, 2014, balance sheet date, the share price had increased to $42 per share. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31, 2014. Solution Journal Enties Feb, 14 Investment in Shares of Raider Inc Dr 551000 (14500*38) To Cash 551000 ( Being Investments made in shares) Dec 31, 2014 Trading Securities ( i..e. Investment in shares of rAIDERS iNc)Dr 58000 (42- 38*14500) To Unrealised gain on trading securities 58000