Answer:
C. a debit to Held-to-Maturity Debt investments for $26,000
Explanation:
In as much Amex corporation is intending to place on hold the bonds till they mature; total investments must be recorded i.e price of bonds including commission for brokerage, as held to securities until they mature.
Classification of investments in securities are ; Held-to-maturity, meaning that the company is not planning to sell the investments hence hold on to them till they mature. They are however classified as non current assets. Investment in securities could also be made available for sale or held for further trading.
The journal entry is therefore;
Dr Held-to-Maturity debts investments $26,000
Cr Cash $26,000
In accounting, Explicit cost is the cost deducted total revenue to derive the Accounting profit.
In layman word, Profit means the amount gained on a transaction done. In accounting, profit is referred to as financial profit because it is the net income earned after the deduction of all incurring costs from total revenue.
The Incurred cost is what is Explicit Cost. Explicit cost means the direct payment made to facilitate running of the business. This cost includes wage, rent, materials, raw materials etc
Therefore, the correct answer is Explicit cost because after its deduction from total revenue, the accounting profit is what remains.
Learn more about Accounting Profit here
<em>brainly.com/question/15699405</em>
Answer:
True
Explanation:
A project scope statement can be regarded as a statement that give out well detailed description as regards the the work which is needed to be done so that the output of a project can be delivered on agreed time period as well as within the allotted budget.
scope statement usually gives the outlines of the entire project as well as
any deliverables, it do entails list of stakeholders within the scope. The writting is usually done by project manager. It should be noted that Project scope statements must include the project boundaries, constraints, and assumptions.
keep people out of the area that is wet if possibile
A mutual fund position that is owned by the individual should be contributed to bring back the position of the advisory firm.
Answer: Option D
<u>Explanation:</u>
Net worth is the value of the firm of all the financial and the non financial assets which the firm owns. The outstanding liabilities of the firm are deducted from the net worth.
Mutual funds have the flexibility where they can manage the cash positions according to themselves. They can be followed by the market speculators and can be used to know the net worth in the market.