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Question : 11) Centrex Corporation purchased 500 shares of Pfizer stock at : 1253060

Accounting

 

 

11) Centrex Corporation purchased 500 shares of Pfizer stock at $50 per share. The managers of Centrex Corporation intend to sell the shares as soon as their target price is reached, which will probably be within the next three months. During the holding period, the market price of the stock went down $5 per share. How should Centrex account for the change in value?

A) A footnote describing the decline in value should be part of the financial statements.

B) An unrealized loss of $2,500 should be shown on the income statement.

C) A realized loss of $2,500 should be shown on the income statement.

D) The decline should not be reported, since stock prices go up and down on a daily basis.

 

12) Centrex Corporation purchased 500 shares of Pfizer stock at $50 per share. The managers of Centrex Corporation intend to sell the shares as soon as their target price is reached, which will probably be within the next three months. During the holding period, the market price of the stock went up $5 per share. How should Centrex account for the change in value?

A) A footnote describing the increase in value should be part of the financial statements.

B) An unrealized gain of $2,500 should be shown on the income statement.

C) A realized gain of $2,500 should be shown on the income statement.

D) The gain should not be reported, since stock prices go up and down on a daily basis.

 

13) Which of the following might be classified as held-to-maturity securities?

A) only equity securities

B) only debt securities

C) both debt and equity securities

D) only investments in real estate

14) No matter how much these investments are actually worth, when the balance sheet is prepared these investments will always be reported at original cost, plus or minus any discount or premium amortization.

A) held-to-maturity securities

B) discretionary securities

C) trading securities

D) available-for-sale securities

 

15) Markot Corporation purchased $400,000 of securities and classified them as available-for-sale. The market value of the securities went down to $375,000. Markot Corporation should ________.

A) show these securities on its balance sheet at their market value

B) report a holding gain on its income statement

C) report a holding loss on its income statement

D) report an unrealized loss on its income statement

 

16) Markot Corporation purchased $400,000 of securities and classified them as available-for-sale. The market value of the securities went up to $475,000. Markot Corporation should ________.

A) show these securities on its balance sheet at their market value

B) report a holding gain on its income statement

C) report a holding loss on its income statement

D) report an unrealized gain on its income statement

 

17) An increase or decrease in the market value of a company’s investments in securities is ________.

A) a realized gain or loss

B) considered to be either other gain or other loss on the income statement

C) an unrealized gain or loss

D) treated as an operating income or expense

 

18) Firms must classify their investments in securities into one of three categories: held-to-maturity, trading, and available-for-sale.

19) If a company buys securities solely to trade them and to make a short-term profit, the securities are classified as available-for-sale securities.

 

20) Only investments in debt securities can be classified as held-to-maturity.

 

 

 

21) Only investments in equity securities can be classified as held-to-maturity.

 

22) An increase or decrease in the market value of a company’s investments in securities is an unrealized gain or loss.

 

23) Held-to-maturity securities are investments in debt securities that a company plans to hold until the securities mature.

 

 

 

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July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

default image
July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

default image
July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

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