Answer:
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Explanation:
Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Answer: The correct answer is "B. may be less than the variance of the least risky stock in the portfolio.".
Explanation: If a stock portfolio is well diversified, then the portfolio variance may be less than the variance of the least risky stock in the portfolio.
This occurs because diversifying the risk results in a lower risk in the total portfolio.
Independance. a sovereign state is one who has a permanent population, a defined territory, a government and so on.
Answer: US Air Force and Navy
Explanation:
