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melamori03 [73]
3 years ago
5

Yankton Company began the year without an investment portfolio. During the year, it purchased investments classified as trading

securities at a cost of $13,000. At the end of the year, the market value of the securities was $11,000. Yankton Company's financial statements for the current year should show:_______.
a. a loss of $2,000 on the income statement and available-for-sale investments of $13,000 on the balance sheet.
b. no loss on the income statement, available-for-sale investments netting to of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheet.
c. no loss on the income statement and available-for-sale investments of $13,000 on the balance sheet.
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

The answer is B.

Explanation:

Available-for-sale is an equity or debt instrument that is not held to maturity. They are held for the purposes of trading or selling before its maturity. Businesses look for active buyers. They are being reported at their fair value.

If the fair value of this security (available-for-sale instrument) increases, the carrying amount is debited and changes in fair value in shareholders' equity is credited. If the fair value of the investments decreases, the carrying amount is debited and changes in fair value in shareholders' equity is debited.

Therefore, the loss of $2,000 is an adjustment in stockholders' equity on the balance sheet.

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Explanation:

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Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

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5 0
3 years ago
The _____ adds up the money earned by producers plus taxes paid to the government.
Nikolay [14]
Income Approach seems to fit best but i'm not quite sure.
Sorry if it's wrong.
8 0
3 years ago
There may be a maximum balance requirement for a savings account.<br> True<br> False
luda_lava [24]

Answer:

true

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4 0
3 years ago
A music venue offers all of its customers a 40 percent discount on concert tickets for regional bands. It also offers an additio
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Answer:

2 tickets

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There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket

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If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X
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Answer:

C) more than 5Y

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