Answer:
3) Unrealized Gain on Trading Investments of $1,500.
Explanation:
By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).
Answer: Option C
Explanation: The situation when the total demand for goods and services is unable to support the full employment level, then the unemployment arising from such a situations is called cyclical unemployment.
It is a natural phenomenon in every economy as the market forces of demand and supply operate on a very high level and are impossible to control completely.
This type of unemployment always exist in an economy to some extent due to the trends or inflation or deflation.
Thus, from the above we can conclude that the correct option is C.
Answer:
The adjusting entry at the end of January:
Debit Unearned revenue: $480
Credit Revenue: $480
Explanation:
When recceived $600 on January 15 from customer, the company must record:
Debit Cash: $600
Credit Unearned revenue: $600
because all lessons are not provided by the company, the company can't recording revenue.
On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.
Answer:
True
Explanation:
The variables price and quantity are inverse correlated then a change in 1 has the exact opposite effect in the other.
Answer:
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