Telnor Corporation (Whose Year End Is December 31 of Each

question 24

Essay

Telnor Corporation (whose year end is December 31 of each year) has made a series of investments in Pineapple Corp., one of their major customers. The management of Telnor has been impressed by the products produced and sold by Pineapple and their market success. These investments are only going to be held for a short period of time. The market price of Pineapple stock on December 31, 2018 and 2019 was $200 and $250 respectively per share. Dividends of $1.00 per share were declared and paid on December 31 of each year. The following are the purchases and sales that Telnor entered into in 2018 and 2019: $$\begin{array} { | l | l | l | l | } \hline \text { Date } & \text { No. Of Shares } & \text { Total } & \text { Cost (per share } \\ \hline \text { March 31, 2018 } & 1,000 & 1,000 & \$ 75 \\\hline \text { June 30, 2018 } & 1,000 & 2,000 & \$ 125 \\\hline \text { September } 30,2018 & 1,000 & 3,000 & \$ 175 \\\hline \text { September } 30,2019 & ( 3,000 ) & 0 & \$ 240 \\\hline\end{array}$$ Assume that Telnor accounts for its investment in Pineapple Corp. at fair value through other comprehensive income.
Required:
(a) Prepare the journal entries to record the transactions in 2018 and 2019 with respect to Telnor's investment in Pineapple.
(b) How would Telnor disclose the investment in Pineapple on its balance sheet?
Unrealized gain at December 31, 2018 (3,000 * $200) - $375,000 = $225,000

Describe the characteristics of an integral nurse.

Identify environmental determinants of health and their importance in nursing.

Understand the foundational building blocks of the Theory of Integral Nursing.

Recognize the development level of Dossey’s Theory of Integral Nursing and differentiating content components included and excluded in the theory.

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Definitions:

Working Smarter

A strategy that focuses on achieving greater outcomes or productivity through efficient methods, often by prioritizing, leveraging tools, or streamlining processes.

Duplicate Work

Performing the same task or creating the same product multiple times, often unnecessarily, leading to inefficiency.

Outsmart

To defeat or gain an advantage over someone through greater intelligence, cleverness, or cunning.

Tech Savvy

The ability to easily understand and utilize technological tools and innovations.