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KengaRu [80]
3 years ago
8

During 2012, Walker Corporation acquired 500 shares of Wychek stock at $30 per share. Walker Corporation accounted for the stock

as available-for-sale securities. All declines in market value are considered to be temporary. The market price per share of Wychek’s stock as of December 31, 2012 and 2013, is $22.50 and $37.50, respectively. Given this information, the correct adjusting entry by walker at December 31, 2013, would include a credit to
A.Market Adjustment – Available-for-Sale Securities of $3,750
B.Unrealized Increase in Value of Available-for-Sale Securities – Equity of $7,500
C.Market Adjustment – Available-for-Sale Securities of $7,500
D.Unrealized Increase in Value of Available-for-Sale Securities – Equity of $3,750
Business
1 answer:
leva [86]3 years ago
7 0

Answer: B.Unrealized Increase in Value of Available-for-Sale Securities Equity of $7,500

Explanation:

Walker acquired the 500 shares at a price of $30 in 2012. At the end of 2012 however, the shares were worth $22.50.

At the end of 2013, it is stated that the shares are now worth $37.50 meaning they increased in value.

The value of the increase is therefore the difference between the most recent previous price and the new price,

= 500 shares * ( 37.50 - 22.50)

= $7,500

Available for Sale Securities Account should therefore see an increase of $7,500 because of the increase in price from the end of 2012 to the end of 2013.

It is worthy of note that at the end of 2012, the account decreased by the difference between the purchase price of $30 and the end of 2012 price of $22.50. This is why at the end of 2013, the price used as the previous price was $22.50.

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Answer: Sophia demonstrates <u><em>high structure, low consideration</em></u> kind of leadership style based on the research from Ohio State University.

Under <u><em>high structure, low consideration; </em></u><em>the individual renders particular operating instructions and closely oversee the performance of other employees.</em>

<u><em>Therefore, the correct option is (c) ​High structure, low consideration</em></u><em> </em>

4 0
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Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmenta
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Answer:

c. II and IV are governmental; I and III are not.

Explanation:

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Of the four consumer protection groups listed above, Consumer Product Safety Commission and Food and Drug Administration are governmental; Better Business Bureau and Consumers Union are not.

8 0
3 years ago
Given a need to raise capital of $2 million and attorney costs of $150,000, with an underwriter's spread of 3%, the amount of bo
ipn [44]

Answer:

The amount of bond issuance is $2,085,500

Explanation:

The computation of the amount of bond issuance is shown below:

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= $2,150,000 - 3% of $2,150,000

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We simply applied the above formula so that the correct value could come

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The customers are the one who interact fewer than partners, suppliers, clients, etc because all they do is order a particular product. This is the first interaction of the customer with Amazon and the last interaction is when the customer received the order. So this means they are less interacting party in this process.

Suppliers are continuously contacted and informed about the pricing, supply chain issues, etc so that the company is able to deliver its customers what they are desiring. Supply chain partners also in the process of interacting with Amazon as they have to move products from supplier to the customer. These partners are highly interacted, possess integrating systems and of transaction-al importance to the company.

4 0
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