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likoan [24]
3 years ago
11

Prepare garfield's journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amort

ization, and (c) the year-end fair value adjustment. (assume a zero balance in the fv adjustment account). the bonds have a year-end fv of $75,500.
Business
1 answer:
frutty [35]3 years ago
8 0
I think it’s C hope this helps
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As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied
Morgarella [4.7K]

Answer:

Principle of National Treatment

Explanation:

The World Trade Organization (WTO) established the principle of national treatment in order for the member states to treat foreign products equally to domestic products. This means that any legally imported good should receive the same legal treatment as domestically produced goods, e.g. they have to be taxed the same way.

8 0
4 years ago
The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu
DaniilM [7]

Answer:

Inventory shrinkage = $1,322

Explanation:

We know,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Given,

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Ending inventory = Beginning inventory + Purchase - Inventory sold(Costing price)

Or, Ending inventory = $19,000 + $52,950 - $57,128

Or, Ending inventory = $71,950 - $57,128

Or, Ending inventory = $14,822

Therefore,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Or, Inventory shrinkage = $14,822 - $13,500

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5 0
3 years ago
Summit Record Company is negotiating with two banks for a $150,000 loan. Fidelity Bank requires a compensating balance of 26 per
BaLLatris [955]

Answer and Explanation:

The computation of the effective interest rate is shown below:

For Fidelity bank

= (2 × 4 × $150,000 × 0.12) ÷ (4 +1 )× ($150,000 - $18,000 - ($150,000 × 26%)

= 30.97%

For southwest bank

= (2 × 12 × $150,000 × 0.12) ÷ (12+1 )× ($150,000 - ($150,000 × 13%)

= 25.46%

8 0
3 years ago
On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of
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Answer:

24

Explanation:

8 0
3 years ago
Consumption is $5.5 trillion, investment is $1 trillion, government expenditures are $1.5 trillion, transfer payments are $.5 tr
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Business is hard T^T</span>
6 0
3 years ago
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