Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 3.00

Manhattan Co

On December 31, 2011, Manhattan Co. held the following short-term available-for-sale securities.

 

Cost

Fair Value

Nintendo Cocommon stock

$68,900

$75,300

Atlantic bonds payable

24,500

22,800

Kellogg Conotes payable

50,000

47,200

McDonald’s Corpcommon stock

91,400

86,600

Manhattan had no short-term investments prior to the current period. Prepare the December 31, 2011, yearend adjusting entry to record the fair value adjustment for these securities.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 10:07 PM My Price 3.00

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