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ololo11 [35]
3 years ago
13

Winsted Co. purchased a bond on December 1 of the current year for $ 49 comma 000 and classified the investment as trading. The

market value of the investment at​ year-end is $ 52 comma 000. What value will be reported in net income for the​ adjustment?
A. $( 3 comma 000 )
B. $ 52 comma 000
C. $ 3 comma 000
D. $ 49 comma 000
Business
1 answer:
Anettt [7]3 years ago
4 0

Answer:

Net income = $3000

C. $ 3 comma 000

Explanation:

For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.

In this case.. There is only a buy and a sell trade.

Net income= selling price- cost price

Net income= $52000-$49000

Net income = $3000

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Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
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Explanation:

Given the following :

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3 years ago
Suppose that, due to exceptionally good weather in the Mid West, the United States experiences an increase in grain production i
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This is an effect of what is known as globalization. Globalization refers to the integration of the world's markets in goods and services, as well as flows of investment and people across national boundaries.

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3 years ago
Which factor caused a higher oil prices to directly lead to inflation?
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Answer:

1,100 units; 1,050 units

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