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ankoles [38]
3 years ago
12

When the market value of an investment in debt securities in which the company has a positive intent and ability to hold to matu

rity exceeds its carrying amount, how should each of the following assets be reported at the end of the year?
Long-term marketable debt securities / Short-term marketable debt securities
a. Market value / Carrying amount
b. Carrying amount / Market value
c. Market value / Market value
d. Carrying amount / Carrying amount
Business
1 answer:
Allisa [31]3 years ago
4 0

Answer:

(D) Carrying amount / Carrying amount

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Why does a minimum wage exist?
AleksandrR [38]

Answer:

A minimum wage exists so that when people are looking up their career field they see what they should get paid.

Explanation:

3 0
3 years ago
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Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.
Alex777 [14]

Answer:

Find the answers in the excel file attached.

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The impact of the accounting equation has been shown as well.

Download xlsx
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3 years ago
The process of preventing exceptions from causing runtime errors is called
Molodets [167]
The process of preventing exceptions from causing runtime errors is called exception handling.
This type of handling deals with exceptions in particular, which are all anomalies that will prevent the computer from doing its usual job. So those exceptions will be handled even before they get the chance to cause errors which will disturb the operations that the computer is carrying out. 
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3 years ago
Ralph gives his daughter, angela, stock (basis of $8,000; fair market value of $6,000). no gift tax results. if angela subsequen
Andreas93 [3]

Answer:

D) $2,000

Explanation:

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The IRS allows the donee (Angela) to use the doners (Ralph) basis when selling an asset received as a gift in order to determine the realized gain/loss.

6 0
3 years ago
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Geo Co. purchased a building for $400,000. In addition, Geo paid $35,000 for taxes and lawyer fees. Geo also paid $60,000 to mod
ycow [4]

Answer: $495,000 User “Parrain” is the person who solved this question

Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.

4 0
2 years ago
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