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Stolb23 [73]
3 years ago
7

On October 1, 2019, Paige Turner Publishing received $59,400 in cash for subscriptions covering one year, recording the entry as

a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is
Business
1 answer:
NARA [144]3 years ago
3 0

Answer:

on 31st Dec 2019 the entry would be

Subscription Earned    $14,850 ($59400*3/12)  Debit

Unearned Subscriptions             $ 44500( 59,400- 14,850) Debit

Cash                                                             $59,400 (credit)

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The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the a.statement of retained earnings
Feliz [49]

Answer: b.balance sheet as an adjustment to stockholders' equity

Explanation:

Available-for-Sale Investments are investments by the company into other companies by means of owning their bonds or stocks. These bonds or stock are made available for selling and as such the company will not hold them to maturity.

For these types of instruments, the company will record the Unrealized Gains (losses) in Other Comprehensive Income. This is a part of the Equity Section of the balance sheet.

At the end of the period, the Unrealized Gains (losses) resulting from the Available for Sale Securities do not go to the income statement but rather are put into the Accumulated Other Comprehensive Income distinction in the Equity section of the balance sheet. You can find it right below the Retained Earnings line.

8 0
3 years ago
Read 2 more answers
"A drink costs 2 dollars. A taco costs 3 dollars. Given the number of each, compute total cost and assign totalCost with the res
earnstyle [38]

Total cost is $26

Explanation:

Given that the cost of a drink is $2 and that of a taco is $3

To find the total cost given 4 drinks and 6 tacos will be;

Multiply the quantity given by the unit price for the items given;

4*$2 + 6*$3 = $8+$18=$26

Learn More

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Keywords : drink, cost, total,tacos

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4 0
3 years ago
Consider the following situations.
xeze [42]

Answer:

A.$600

B.$100

C. 0.1

Explanation:

Money supply equals to Currency held by the public + Bank reserves÷ Desired reserve-deposit ratio

Hence:

a. Deposits equal bank reserves ÷ by the desired reserve-deposit ratio

= $100/0.25

= $400.

Money supply = currency held by the public + deposits

= $200 + $400

= $600.

b. Let X = currency held by the public = bank reserves.

Thus money supply equals X +X÷ by the desired reserve-deposit ratio

500= X + 0.25

500 = 5X

X=$500/5

X = $100

Currency and bank reserves both equal $100.

c.If the money supply equals $1,250 and the public holds $250 in currency, then the bank deposits must equal $1,000($1,250-$250).

If bank reserves are $100, the desired reserve-deposit ratio

=100/1,000

=0.1

8 0
3 years ago
Question 5 of 10
Ulleksa [173]

Option B is correct. The fact that Jeremy may have to consider would be B. Hiring a creative talent to help produce the actual promotional material under his supervision.

<h3>What is meant by creative talent?</h3>

This is the term that is used to refer to the person that would help Jeremy to carry out some of the needed tasks in the business. This is the person that would help him in the promotion.

The goal or the purpose of hiring this person is so that the business would be promoted and they would be able to attract more customers that would patronize the business.

Read more on creative talent here: brainly.com/question/22244166

#SPJ1

7 0
2 years ago
One use of inventory is A. to tightly synchronize a​ firm's production with its​ customers' demand. B. to provide a hedge agains
maks197457 [2]

Answer:

B. to provide a hedge against inflation

Explanation:

Inflation diminishes the purchases power of money.  A rise in inflation will result in the organization purchasing fewer quantities of inventory than it had budgeted. The organization will make purchases in bulk to safeguard against itself unexpected changed in raw material prices.

Organizations operate on budgets prepared at the beginning of a financial year. The budgets project the production level and the cost of production. Managers in the organization are expected to operate within the budgets. A rise in inflation may alter the budget estimates. The quantities of inventory planned may cost more than expected. To safeguards against these possibilities, the business will keep a sizable level of inventory.

6 0
3 years ago
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