Answer:
An increase in the family's car payment means the family will be unable to afford a vacation
Explanation:
Trade offs can be seen in terms of opportunity cost.
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
By choosing to buy a new car, the family would be forgoing the opportunity to take a vacation
A.click the chart and ask t edit data
Answer:
The journal entry to record the reduction in value would be:
Account Title Debit Credit
Loss on Impairment 11,700
Debt Investments (Available-for-Sale) 11,700
$76,700 - $65,000 = 11,700
In this case, a loss has occurred and the individual security should be written down. If Flint Co. has already recognized an unrealized holding loss—equity, an additional entry is needed to reverse this amount as well as eliminate the fair value adjustment (available-for-sale) account.
