The given statement is true.
Explanation:
Many believe that the competition between development countries and internationally-traded goods soon eliminates large amount of jobs in developed countries as wages are lower in developing nations than in developed countries.
Today, modern technology in developed nations leads to higher productivity, which represents a higher payroll.
Even with the newest technology, production and wages in developing nations will stay lower for decades than in the developed nations, because developing nations have better infrastructure and better trained workers. More technological developments are being transported ever quicker over borders.
Answer:
A. Unrealized Holding Loss - Trading 3,400
Fair Value Adjustment - Trading 3,400
Explanation:
Since this investment is classified as a trading investment, any change in its fair market value must be included in their income statement. The appropriate journal entry should be:
Dr Unrealized loss on trading security 3,400
Cr Debt investments 3,400
This will decrease the carrying value of the debt investments in the balance sheet and the loss will be included in the 2019 income statement. The fair value adjustment account normally has a credit balance since it decreases the carrying value of the investment account.
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Firms do not usually get rewarded by diversifying investments in different lines of business because investors can more efficiently diversify the risk on their own.
Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money and effort. The purpose of investment in finance is to generate profit from the invested assets.
The definition of an investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.
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Explanation:
The Journal Entry for 3 May is as shown below:-
Allowance for Doubtful Accounts Dr, $2,000
To Accounts Receivable A. Hopkins $2,000
(Being the write off is recorded)
Therefore for passing the journal entry we simply debited allowance for doubtful account and credited the accounts receivable)
