8 lol just saying just saying I think it’s right
Answer:
a. Journal Entry:
Investments in Debt securities (Dr.) $1500
Fair Value of Debt securities(Cr.) $1500
b. Equity Section:
Common Stock $65,000
Retained Earnings $22,000
Treasury Stock $13,400
Revaluation of Debt securities $1,500
Explanation:
Investments in AFS Debt securities 40,000
Fair value of the investment on 12/31/2018 is $41,500
The difference between fair value and reported value will be adjusted through journal entry. The difference is of $1500 (41,500 - 40,000) is the revaluation amount of the securities.
Answer: 3.5%
Explanation:
Expected return if there is a Boom:
= (0.75 * 0.15) + (0.25 * 0.05)
= 0.1250
Expected return if things go Bust:
= (0.75 * -0.05) + (0.25 * 0.05)
= -0.025
Expected return of Portfolio = ∑(Probability of market state * expected return of market state)
= (0.4 * 0.1250) + (0.6 * -0.025)
= 3.5%
Answer:
Since Tax Payable is $940000 @ 40%, Taxable income will be:
= $940,000 × (1/40%)
= $2,350,000
Only Temporary difference is Rent $490,000, which is being recognized for tax but not for Books.
Hence Pre-Tax Accounting income will be:
= $2,350,000 - $490,000
= $ 1,860,000
Therefore, Journal Entry will be:
Income Tax Expense A/c (1,860,000 × 40%) Dr. $744,000
Deferred Tax Asset A/c (490,000 × 40%) Dr. $196,000
To Income Tax Payable $940,000
(To record income taxes for 2018)
The answer is <u>"random sampling".</u>
In random sampling, every individual from the population has an equivalent shot of being chosen as subject. The whole procedure of examining is done in a solitary advance with each subject chose freely of alternate individuals from the population.
There are numerous strategies to continue with basic random sampling. The most crude and mechanical would be the lottery strategy. A standout among the best things about simple random sampling is the simplicity of collecting the example. It is likewise considered as a reasonable method for choosing an example from a given populace since each part is given equivalent chances of being chosen.
