Brooks Co. purchases various investments in trading securities at a cost of $63,000 on December 27, 2017. (This is its first and
only purchase of such securities.) At December 31, 2017, these securities had a fair value of $82,000. Prepare the December 31, 2013, year-end adjusting entry for the trading securities' portfolio.
Prepare the January 3, 2014, entry when Brooks sells a portion of its trading securities (that had originally cost $33,000) for $35,000.
Based on the information provided within the question this seems to be a clear example of Equity Theory. This theory focuses on determining if the amount of a certain reward or payment that is divided among a set of individuals is fair, and is measured by comparing the contributions that are received by each individual or that set/group. Which seems to be the case in this scenario since June feels that it is unfair that they both do the same work and she is getting paid $1 less than her co-worker.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
<span>The most probable thing that will happen if the pie maker keeps making additional pies is this: the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit. This is to assume that no buyer is interested in purchasing the pies at a certain period of time. </span>
