PWA 3: Dark of the Lounge - Page 2687

sugar'n'spice · 02-08-2012, 07:51 PM

Quote:

Originally Posted by jewel25

7817

sugar'n'spice · 02-08-2012, 07:51 PM

Quote:

Originally Posted by PoorMansCamaro

<--------whatever that number is over on that side of the screen, below my location.

bossbunny · 02-08-2012, 07:52 PM

Trading Investments
Trading securities include both debt and equity securities that the company acquires intending to earn profits on short-term differences in price. These investments are recorded at cost which includes brokerage fees. Debt and equity securities classified as trading investments will be recorded at cost and reported at Fair Value. One may use a fair value adjustment account as illustrated in your textbook on page 629 or choose to simply adjust the investment account to fair value. The book (on page 626) shows recording the investment in debt securities with a separate “discount on bond investment” account and on page 627, amortizing the discount when interest is received. Due to the brief time that these investments will be held by the company, it is not practical to amortize bond discounts or premiums. It is theoretically correct, but it is not practical SO we will not amortize bond discounts or premiums on Trading Securities.

EXAMPLE – TRADING SECURITIES: Assume all the securities were purchased during 2010.

2010 trading securities portfolio:

Sounds boring eh?

Nvincent4708 · 02-08-2012, 07:54 PM

Quote:

Originally Posted by 2010 SSRS

whoooaaarrrrr

So?

PoorMansCamaro · 02-08-2012, 07:54 PM

Quote:

Originally Posted by jewel25

Lazy?

it took me longer to type that, than to type numbers

Nvincent4708 · 02-08-2012, 07:54 PM

Quote:

Originally Posted by badgebunny

Trading Investments
Trading securities include both debt and equity securities that the company acquires intending to earn profits on short-term differences in price. These investments are recorded at cost which includes brokerage fees. Debt and equity securities classified as trading investments will be recorded at cost and reported at Fair Value. One may use a fair value adjustment account as illustrated in your textbook on page 629 or choose to simply adjust the investment account to fair value. The book (on page 626) shows recording the investment in debt securities with a separate “discount on bond investment” account and on page 627, amortizing the discount when interest is received. Due to the brief time that these investments will be held by the company, it is not practical to amortize bond discounts or premiums. It is theoretically correct, but it is not practical SO we will not amortize bond discounts or premiums on Trading Securities.

EXAMPLE – TRADING SECURITIES: Assume all the securities were purchased during 2010.

2010 trading securities portfolio:

Sounds boring eh?

*yawn* what?

jewel25 · 02-08-2012, 07:55 PM

Quote:

Originally Posted by PoorMansCamaro

it took me longer to type that, than to type numbers

Bored?

PoorMansCamaro · 02-08-2012, 07:55 PM

Quote:

Originally Posted by jewel25

Bored?

very. have 4.5 hours to go...

Nvincent4708 · 02-08-2012, 07:55 PM

Maybe I'll break 15k tomorrow

Zabo · 02-08-2012, 07:55 PM

I'm not even going to pretend to understand what Ford is trying with the BOSS 302, BOSS LS, and GT500..

jewel25 · 02-08-2012, 07:56 PM

Quote:

Originally Posted by badgebunny

Trading Investments
Trading securities include both debt and equity securities that the company acquires intending to earn profits on short-term differences in price. These investments are recorded at cost which includes brokerage fees. Debt and equity securities classified as trading investments will be recorded at cost and reported at Fair Value. One may use a fair value adjustment account as illustrated in your textbook on page 629 or choose to simply adjust the investment account to fair value. The book (on page 626) shows recording the investment in debt securities with a separate “discount on bond investment” account and on page 627, amortizing the discount when interest is received. Due to the brief time that these investments will be held by the company, it is not practical to amortize bond discounts or premiums. It is theoretically correct, but it is not practical SO we will not amortize bond discounts or premiums on Trading Securities.

EXAMPLE – TRADING SECURITIES: Assume all the securities were purchased during 2010.

2010 trading securities portfolio:

Sounds boring eh?

Nvincent4708 · 02-08-2012, 07:56 PM

Quote:

Originally Posted by PoorMansCamaro

very. have 4.5 hours to go...

I'm about to jump in the jacuzzi tub

jewel25 · 02-08-2012, 07:56 PM

Quote:

Originally Posted by PoorMansCamaro

very. have 4.5 hours to go...

Hungry?

2010 SSRS · 02-08-2012, 07:57 PM

Quote:

Originally Posted by Nvincent4708

So?

What

Good Metallica song

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02-08-2012, 07:52 PM	#37607
bossbunny Mrs. Bunny to you Drives: Not a Camaro Join Date: May 2009 Location: Cut 'N Shoot Texas Posts: 24,336	Trading Investments Trading securities include both debt and equity securities that the company acquires intending to earn profits on short-term differences in price. These investments are recorded at cost which includes brokerage fees. Debt and equity securities classified as trading investments will be recorded at cost and reported at Fair Value. One may use a fair value adjustment account as illustrated in your textbook on page 629 or choose to simply adjust the investment account to fair value. The book (on page 626) shows recording the investment in debt securities with a separate “discount on bond investment” account and on page 627, amortizing the discount when interest is received. Due to the brief time that these investments will be held by the company, it is not practical to amortize bond discounts or premiums. It is theoretically correct, but it is not practical SO we will not amortize bond discounts or premiums on Trading Securities. EXAMPLE – TRADING SECURITIES: Assume all the securities were purchased during 2010. 2010 trading securities portfolio: Sounds boring eh?

02-08-2012, 07:55 PM	#37613
Nvincent4708 Drives: N/A Join Date: Nov 2010 Location: N/A Posts: 25,856 View My Garage	Maybe I'll break 15k tomorrow

02-08-2012, 07:55 PM	#37614
Zabo Gunning for Sixth Drives: '03 ZR2 Blazer Join Date: Sep 2008 Location: Woodhaven, Michigan Posts: 9,358 View My Garage	I'm not even going to pretend to understand what Ford is trying with the BOSS 302, BOSS LS, and GT500..