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murzikaleks [220]
3 years ago
11

Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-en

d cost and fair values for its portfolio of debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X2 is:
Business
1 answer:
Rzqust [24]3 years ago
7 0

Answer:

Dr Available for sale securities 11,500

    Cr Unrealized gains - AFS securities 11,500

Explanation:

The securities cost is $420,000 while the fair market value is $431,500, so the difference is an unrealized gain of = $431,500 - $420,000 = $11,500.

Unrealized gains are included in Other comprehensive income account, which belongs under stockholder equity. When unrealized gains increase, then they should be credited.

Since the securities are held as investment assets, they should also increase by debiting the account.

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nlexa [21]
Answer is d. all of the above
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3 years ago
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_________ were set up because congress felt it was unable to handle the complexities and technicalities required to carry out sp
sdas [7]
<span>Regulatory agencies is the answer you need. Since the congress and its members can't know everything that there is to know about making sure that the laws are being obeyed, regulatory agencies were made to ensure that people obey the laws. Such agencies do different things, from making sure hygiene is up to making sure people pay their taxes.</span>
4 0
3 years ago
What is a disadvantage of the payback method?
HACTEHA [7]

The statement " It eliminates the inflows of cash earned following the payback period and time value of money" is the disadvantage of the payback method

The payback period is the period thats tells the time period in which the initial investment that was made should be recovered.

It is to be measured in years normally.

For finding the disadvantage, we need to find out the following information related payback period

  1. It is easy to calculate
  2. The cash flows earned after the payback period should not be used
  3. There is no requirement to determine the present value factor for measuring the payback period.
  4. Also, it does not use for distinct cheap projects from lower ones

So this is the reason this method ignored the times value of money

Therefore, we can conclude that, the correct option is b.

Learn more about the payback method here: brainly.com/question/16255939

5 0
3 years ago
8. In a car insurance policy, collision insurance covers
prisoha [69]
I am pretty sure that it's d, the cost of your car if it's stolen because its a car insurance

4 0
3 years ago
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If a department that applies process costing starts the reporting period with 40,000 physical units that were 80% complete with
andriy [413]

Answer:

True

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows: </em>

Equivalent units = Degree of work done(%) × units of inventory

Equivalent units

<em>Direct material:</em>

Balance of work = 100-80 = 20%

Equivalent of work to be added = 20% × 40,000 = 8,000

<em>Labour</em>

Balance of work = 100-50= 50%

Equivalent of work to be added =50% × 40,000 = 20,000 units

                                    <em>Equivalent of work to be added(units)</em>

Material                               8000                                  

Labour                               20,000

8 0
3 years ago
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