Chapter 17 Homework CA 17-1) Situation 1- Since the Fair value is lower than the cost your T-account is as follows. Unrealized holding G&L – Income $4200 So the journal entry would look like Unrealized holding G&L –income statement $4200 Fair Value adjustment (trading) $4200 Situation 2- When this change is made for the measurement basis: Security transferred at fair value at the date of transfer‚ which is the new cost basis of the security
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Words: 893 Recently‚ one of my good friend has inherited ￡20‚000 and wants to invest this amount of money in financial market‚ in other words‚ she is planning to buy some financial products such as equities‚ bonds and currencies. She has asked me for some guidance. In my opinion‚ I think diversifying portfolio would be the best way to get a higher return. In this essay‚ I will explain the concept and benefits of diversification in financial markets. However‚ even with a diversified portfolio of
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Wall Street is evil and corrupt… or at least that’s all I hear from news headlines and organizations like Occupy Wall Street. After consistently hearing about corrupt brokers and managers like Bernie Madoff and Jordan Belfort‚ I began to buy into this facade. I enjoyed following the stock market‚ but I didn’t want to pursue it as a career out of fear of social repercussions. Last summer‚ this all changed. A few of my friends and I were awarded a free trip to Washington D.C. for placing fifth in a
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NAME: MASSAWE BARAKA‚ REG. NO: 2010-04-03894. 12 FINANCE 202 INDIVIDUAL ASSIGNMENT UDBS Consider a 10 year bond that has a face value shs 1000‚ a coupon rate of 6% and pays interest once a year. (a)Suppose person A bought this bond at par when it was initially issued and sold it 1 year later to person B for shs 1024.What is B’s total return? Soln Total return =[ Interest paid +(selling price – buying price)]/buying price Given; Annual interest paid = coupon rate x par value‚ coupon
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Personal Finance Chris Cannard‚ Van Trinh‚ Jommel Esteybar‚ Edward Sy‚ Cricket Williams‚ Trey Vogel San Jose State University Abstract Many people assume that handling personal finances is straightforward and can be done with little to no preparation. This paper delves into the many different aspects of personal finance. It discusses the tools that we are learning in class and explains how these tools that can be used to save for retirement. It offers tips to improve your financial standing
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a rich‚ popular and troubled guy who falls in love with Jamie Sullivan an unpopular‚ very shy and religious girl. I like how Nicholas Spark brings two very different characters together and creates a strong bond between them. To me they symbolise the power of love. In saying that my personal opinion is that “Love conquers all” is the main theme of the novel. In the beginning we are introduced to an immature‚ angry and spoilt Landon who only thinks about his image and status in high school. Then
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Personal Finance Youyun Zhou Robyn Canners National University November 12‚ 2012 Personal Finance With the development of the society‚ more and more people realize the important of personal finance. However‚ people are not familiar with personal finance. Although they know what they can do‚ they don ’t know the details of the personal finance. Many people who like to buy anything they don ’t know how to control the reword. When the day reaches the half of the month‚ they suddenly find
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TABLE OF CONTENT 1. Summary of ‘The Personal Financial Planning Process’ 1. Introduction 2. Body • The purposes • The Benefits 3. Conclusion • Recommendation 2. References INTRODUCTION Most people want to handle their finances so that they get full satisfaction from each available dollar. Typical financial goals include such things as a new car‚ a larger home‚ advanced career training
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I think nobody is complety healthy because we are not perfect and it means we will have several illnesses or something inside of your body will not work fine. Also‚ there are people that make a lot of exercises and they harm themselve. They become it in a obsessed. Nevertheless‚ there are people that never make no exercise anytime and it is bad for them. On the other hand‚ I guess my health is good. As well‚ I try to eat less fat but I am not obsessed with it. Besides‚ I have not went to the doctor
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Personal health is something that everyone needs to be concerned with‚ but not many people are. I’ve noticed that in the recent months‚ my personal health has not been what it used to be. I’ve only come to this conclusion after starting to track a few health aspects in my life. The aspects of my personal health that I chose to track for a month includes nutrition‚ physical health issues‚ and alcohol use. I chose to track these three specific parts of my personal health because they are the most
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