1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
3 years ago
6

9. On August ​20, 2018​, Macak​, Co. decides to invest excess cash of $ 3 comma 000 by purchasing Buffalo​, Inc. bonds. At​ year

-end, December ​31, 2018​, the market price of the bonds was $ 2 comma 400. The investment is categorized as​ available-for-sale debt. Journalize the adjusting entry needed at December ​31, 2018.
Business
1 answer:
tia_tia [17]3 years ago
4 0

Answer: <em>Please refer to explanation. </em>

Explanation:

Since it is an Available for Sale debt, we journalize it as follows

2018    

Dec. 31

DR Unrealized holding loss on AFS  600  

CR                 .Fair value adjustment - AFSI  600

(To record available-for-sale investments at fair value)  

Calculation,

= Cost Price - Market Price

=($3000 - $2400)

= $600

<em>If you need any clarification do comment or react.</em>

You might be interested in
Which of these contains data that identifies a product?
zmey [24]

Answer:

A. UPC

Explanation:

A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.

Basically, a universal product code (UPC) comprises of two (2) main parts;

  • A machine-readable barcode that contains sets of vertical black lines.
  • A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.

The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.

Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.

<em>Hence, a universal product code (UPC) contains data that identifies a product. </em>

6 0
3 years ago
Which of the following is essential in a satisfying work environment?
Tems11 [23]
The answer is: B, A boss who is respectful and cooperative. Hope this helped.
7 0
3 years ago
Read 2 more answers
Delwazic Inc. is a multinational corporation (MNC) that creates products specialized for a few host countries. It manufactures b
GREYUIT [131]

Answer:

Delwazic Inc. is a multinational corporation (MNC) that creates products specialized for a few host countries. It manufactures berets in France, cowboy hats in the United States, bowlers in the United Kingdom, and bush hats in Australia. In this scenario, Delwazic Inc. is most likely a monopolist

Explanation:

A monopolist is solely responsible for sales of products to many buyers, such market is termed a monopoly market

4 0
3 years ago
A process for two or more people coming together to operate an investment, such as partnerships or corporations, is
Ludmilka [50]

A process for two or more people coming together to operate an investment, such as partnerships or corporations, is Franchise.

<h3>What is franchise?</h3>

Franchise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger entity.

Advantages of owing a franchise are :

  • A franchise owner gets valuable help throughout the lifespan of the business.
  • Owning a franchise comes with a low rate of failure.

Therefore, franchise is a process whereby two or more people come together to operate an investment, such as partnerships or corporations.

Learn more about franchise here: brainly.com/question/3687222

4 0
2 years ago
The identity thief's information on your credit report wouldn't impact your ability to
alukav5142 [94]
False that don’t make sense
4 0
2 years ago
Other questions:
  • What was the nickname of the person who replaced Don Meredith during the 1974 pre-season?
    13·2 answers
  • Inferring Transactions from Financial Statements
    9·1 answer
  • The ratio of a country's exports to its total output (GNP or GDP) Select one: a. is known as the index of openness. b. provides
    12·1 answer
  • If the type of departmentalization used by an organization tends to emphasize departmental units rather than the organization as
    8·1 answer
  • American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its target capital structure. Curren
    11·1 answer
  • The Campus Division of All-States Bank has assets of $1,800 million. During the past year, the division had profits of $225 mill
    9·1 answer
  • Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
    12·2 answers
  • Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an exc
    14·1 answer
  • Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure
    15·1 answer
  • Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are e
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!