Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. loreal-american corporation purchased several mark

Loreal-American Corporation purchased several marketable securities during 2024. At December 31,2024, the company had the...

80.2K

Verified Solution

Question

Accounting

Loreal-American Corporation purchased several marketable securities during 2024. At December 31,2024, the company had the investments in bonds listed below. None was held at the last reporting date, December 31,2023, and all are considered securities available-for-sale.
\table[[,Cost,Fair Value,\table[[Unrealized Holding],[Gain (Los5)]]],[Short term:],[\table[[Blair, Incorporated],[ANC Corporation]],$484,000,$403,000,$(81,000)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The Woodruff Corporation purchased a piece of equipment three years ago for $247,000. It has an...

Chemistry
1.2K views

You are considering two different calcium supplements. One contains 1250 mg of Ca3(PO4)2 and the other is...

Electrical Engineering
1.2K views

Design a Digital Voting Machine using microcontroller based device which can be performed in election electronic...

Mechanical Engineering
1.2K views

Moist air at 55 oF dry bulb temperature and 40% relative humidity is first heated through...

Geometry
1.2K views

Give a cube ABCDA'B'C'D' with size of 14, point F is the midpoint of edge...

Calculus
1.2K views

For this weekly quiz you will show that given f g are continuous f g...

Calculus
1.2K views

What is the maximum vertical distance between the line y x 2 and the parabola...

Algebra
1.2K views

Identify all real and non real zeros of the function f x x 5x 3x...

Algebra
1.2K views

8 x 9x 4

Accounting
1.2K views

The options at the bottom are (in order) increase or decrease, favorable or unfavorable,...

Accounting
1.2K views

Statement of Owner's Equity Financial information related to Lost Trail Company, a proprietorship, for the...

Accounting
1.2K views

Statement of Cash FlowsIndirect Method The comparative balance sheet of Livers Inc. for December 31,...