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3 years ago

A product in the _____ stage is experiencing periods of rising sales and profits.

1 answer:

8 0

<span>A product in the _____ stage is experiencing periods of rising sales and profits.
The answer is growth,
When the company is still in the growth stage, it is normal to experience the period of rising in sales and gaining profits.</span>

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The investments of Steelers Inc. include a single investment: 11,100 shares of Bengals Inc. common stock purchased on September

mihalych1998 [28]

Answer:

Steelers Inc.

a) Journal entries:

Sept. 12

Debit Available for Sale Investment $133,200

Credit Cash Account $133,200

To record investments in the common stock of Bengals Inc., 11,110 shares at $12 per share.

Dec. 31:

Debit Unrealized Loss on Available for Sale Investment $22,200

Credit Available for Sale Investment $22,200

To record the fair value of the investment.

b) The unrealized gains and losses are included in other comprehensive income within the equity section of the balance sheet.

The loss will, therefore, be deducted from other comprehensive income.

Explanation:

Investments held for sale are accounted for at fair value. This implies that at the end of any accounting period, the fair value of the investments will be determined. This is usually the market value. Then, adjustments are made in the asset account according to the fair value. There will be recognized either unrealized gain or loss, which are taken to other comprehensive income in the balance sheet under the equity section.

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3 years ago

Monkey See. Monkey Take and<br> Humans vs Chimps

DedPeter [7]

Answer:

Monkey do

Explanation:

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2 years ago

Read 2 more answers

PLS HELP!!! Credentials are an official verification, from an accredited source, attesting to capability.

romanna [79]

Answer:

False

Explanation:

Credentials are an official verification, from an accredited source, attesting to capability. Credentials are an official verification, from an accredited source, attesting to capability.

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3 years ago

The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale

Triss [41]

Answer:

1. Financing Activity : $300,000

2.Investing Activity : $10,000 and Non-cash Financing and Investing Activity : $30,000

3.Operating Activity : - $90,000

4.Operating Activity : $50,000

5.Operating Activity : -$5,000

6.Operating Activity : -$6,000

7.Operating Activity : -$70,000

8.Operating Activity : $55,000

9.Operating Activity : $1,000

Explanation:

Operating Activities involves the entity`s trading operation in ordinary course of business.

Investing Activities involves the entity`s sale or purchase of Investments.

Financing Activities involves the entity`s acquisition and sale of funds.

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3 years ago

Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:

Net income $116

Adjustment to reconcile net income to cash basis:

Depreciation expense ($359+1-347) $13

Gain on sale of equipment (14)

Decrease in account receivable (40-39) $1

Decrease in inventory (44-43) $1

Increase in account payable (30-26) $4

Decrease in accrued liabilities (18-15) (3)

Decrease in income tax payable (40-39) (1)

Net cash flow from operating activities $117

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3 years ago