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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>

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Ne4ueva [31]

Answer:

$133,000

Explanation:

We can find Pete's total contribution to GDP by adding up the following numbers:

$87,000 worth of pizzas - because finished goods are part of GDP

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$5,000 paid in taxes - taxes are part of GDP because they are government revenue

$2,000 of inventories at the end of year - end-of-year inventories are included in GDP

Therefore: $87,000 + $39,000 + $5,000 + $2,000 = $133,000

the $11,000 worth of ingredients are not included in GDP because GDP only accounts for finished goods and services.

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3 years ago
In which business stage do you decide wether a business opportunity is a god fit for you personally
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3 years ago
In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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