Answer: Need recognition.
Explanation:
The BC company realization that it needs the fabric label to go in line with the new regulation set, is a point of need recognition. The point of need recognition, is a point where an individual/organization identifies a challenge that needs to be fixed.
Answer:
1. 31 Dec 2021
Dr Net unrealized holding gain/loss 25,000
Cr Fair value adjustment 25,000
2. None
Explanation:
Preparation of Journal entry
First step is to calculate for the unrealized loss
Unrealized loss=Short term loss-Long term gain
Unrealized loss=45,000-20,000
Unrealized loss=25,000
Journal entry
31 Dec 2021
Dr Net unrealized holding gain/loss 25,000
Cr Fair value adjustment 25,000
(To record unrealized loss on available for sale securities)
2. No amount would be reported in the income statement at December 31, 2021 because the Net unrealized holding gain/loss will be reported in other comprehensive income .
Answer:
real rate of return -0.48%
if before I could purchase X units now I purchase X*(1 - 0.0048)
Explanation:
We solve using the fishcer model:
As we have more than one inflation period we multiply each other as it was a succession of interest
real rate -0.004777527 = -0.48%
Answer:
AAA = (8000)
STOCK BALANCE = 0
AEP = 2000
Explanation:
-----------------AAA-------- stock basis---------AEP
Beg. Bal--- 2000 - - - - 10,000 - - - - - - 6,000
Distribution (2000) - - - - (2000) - - - - - (4000)
Balance - - - 0 - - - - - - - 8000 - - - - - - 2000
LTCG - - - 2000 - - - - - 2000 - - - - - - - - 0
Balance - -2000 - - - - - 10,000 - - - - - - 2,000
Loss - - - (10000) - - - - (10000) - - - - - - - 0
Ending - - (8000) - - - - - 0 - - - - - - - - - 2000
ENDING BALANCE :
AAA = (8000)
STOCK BASIS = 0
AEP = 2000
Beg. bal = beginning balance
LTCG = Long term capital gain
An architect designs buildings. Part of their job includes drawing out blueprints and working out the mathematics and proportions of their buildings. They have to make sure the building is structurally sound. Sometimes they supervise construction as well.