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Thepotemich [5.8K]
3 years ago
11

At December 31, 2017, the available-for-sale debt portfolio for Carla, Inc. is as follows. Security Cost Fair Value Unrealized G

ain (Loss) A $35,875 $30,750 $(5,125 ) B 25,625 28,700 3,075 C 47,150 52,275 5,125 Total $108,650 $111,725 3,075 Previous fair value adjustment balance—Dr. 820 Fair value adjustment—Dr. $2,255 On January 20, 2018, Carla, Inc. sold security A for $30,955. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. Show the balance sheet presentation of the investment-related accounts at December 31, 2017. Prepare the journal entry for the 2018 sale of security A.

Business
1 answer:
skelet666 [1.2K]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Suppose at the end of the meeting that Jack agrees to offer the restaurant buyout, including the non-competition agreement. Prio
loris [4]

Answer:

D) Yes, as long as he actually communicates the revocation to Hal and Sophia (or their agent) prior to acceptance.

Explanation:

In contract law, an offer can always be taken back as long as the other party hasn't accepted it yet. In this case, Jack agreed to make an offer about the restaurant and he even included certain details that apparently were important (non-competition agreement), but since Hal and Sophia haven't accepted it yet, Jack can take it back without fear of any claim being made against him. All he has to do is communicate his decision of taking back his offer to either Hal or Sophia, or their agent (if there is one).

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3 years ago
When Yolanda asked her firm's advertising agency to estimate how often consumers saw her firm's IMC message and what percentage
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A. 160

Explanation:

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The accounts of Melissa Manufacturing showed the following balances at the beginning of​ December: Account Debit Raw Materials I
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Answer:

$115,000

Explanation:

Data provided as per the question is below:-

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4 0
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Which workplace trait means fulfilling your commitments in time or in advance?
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I believe the answer is Time management
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Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
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Answer:

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Explanation:

The formula to compute the effective annual rate of the loan is shown below:

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Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.

This is the answer but the same is not provided in the given options

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3 years ago
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