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Artemon [7]
4 years ago
13

Jones Company has notes receivable that have a fair value of $950,000 and a carrying amount of $1,250,000. Jones decides on Dece

mber 31, 2017, to use the fair value option for these recently-acquired receivables. Which of the following entries will be made on December 31, 2017 to record the unrealized holding gain/loss?
A. Unrealized Holding Gain or Loss -Equity 300,000
Notes Receivable 300,000
B. Unrealized Holding Gain or Loss-Income. 300,000
Notes Receivable 300,000
C. Notes Receivable 300,000 300,000
Unrealized Holding Gain or Loss-Income 300,000
D. Notes Receivable 300,000 300,000
Unrealized Holding Gain or Loss Equity 300,000
Business
1 answer:
Nutka1998 [239]4 years ago
5 0

Answer:

B) Unrealized Holding Gain or Loss-Income. 300,000

Notes Receivable 300,000

Explanation:

December 31, 2017 realized losses:

  • Dr Unrealized Holding Gain or Loss―Income 300,000
  • Cr Notes Receivable 300,000

Since the carrying value of the notes receivable was $300,000 higher than their fair market value, it means that the company will lose money.

Since the company is losing money, it should debit the Unrealized Holding Gain or Loss―Income account. Gains are credited and losses are debited.

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A direct marketing channel would be utilized by which of these companies? Convenience, an online store that offers its products
bekas [8.4K]

Answer:

Convenience, an online store that offers its products via its online click-to-order catalogs.

Explanation:

Direct marketing channels is a marketing strategy that places the company directly in contact with its prospective customers.

Direct marketing channels include;

- Telemarketing

- Face-to-Face Selling

- TV and other media services

Convenience, an online store that offers its products via its online click-to-order catalogs uses direct marketing channel.

7 0
3 years ago
Odeletta Corporation is considering an investment of in a land development project. The investment will yield cash inflows of pe
Bond [772]

Answer: $337,800

Explanation:

Cashflow is constant so is an annuity.

The Present value of the Investment;

= Present Value of Cashflow - Investment cost

= (220,000 * Present value interest factor of an annuity, 5  years, 9% ) - 518,000

= (220,000 * 3.89) - 518,000

= 855,800 - 518,000

= $337,800

4 0
3 years ago
To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by
andrew-mc [135]

To compute the percent change, divide the analysis period amount by the <u>base period amount</u> and multiply the result by 100.

The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.

This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.

To know more about percent change, click here:-

brainly.com/question/9144026

#SPJ4

5 0
2 years ago
Which is not a part of your budget?
rewona [7]

Answer:

d.) discretionary expenses

Explanation:

We can explain going further into what is each item.

<u>A and B are your income </u>(for this question don’t sweat about the difference between gross and realized). They will constitute all the money you have in that period (the period will depend on the regularity of your income, it could be weekly, monthly, etc.).

Your fixed expenses are the things you will expend money on which, no matter what happens, will not change (it could be your rent, tax, health insurance, etc.).

Discretionary expenses, however, are costs that are things that you WANT, not NEED. It could go anywhere from a new shoe to a new boat (if you´re feeling rich, that is lol). That kind of expense will impact your available money (hey, nothing is free) but is not part of your budget as it is not a planned cost.

However, is important to note that if you wanna be super Monica Geller with your money you should forecast your discretionary expenses. Using your history as a base for calculating will eliminate most of the margin error.  

4 0
3 years ago
Americans' core value of upward mobility (i.e., success will come to anyone who works hard) has greatly influenced the way luxur
Vlad1618 [11]

Answer: Option (C)

Explanation:

Sociological factors are referred to as or known as elements or factors of the society that tends to radiate negative and positive influence which cause a change in function, structure, elements, and orientation. Sociology tends to mostly study society in regards with its elements, structure, and their development which mostly includes numerous factors such as people and the population, ethnicity, age, gender, religion, view , culture, and etc.

8 0
4 years ago
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