Answer:
3) Unrealized Gain on Trading Investments of $1,500.
Explanation:
By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).
Answer:
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It means you have the potential to fully dedicate your time and interest in a country’s industry/economic life. Being a good economic citizen represents economic contributions and serves as a good role model to others
Answer:
Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin
