1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Levart [38]
3 years ago
6

Trading securities are a.reported as unrealized gains or losses on the income statement b.reported at fair value in the balance

sheet c.reported at fair value on the balance sheet and as unrealized gains or losses on the income statement d.not reported on the balance sheet
Business
1 answer:
dedylja [7]3 years ago
5 0

Answer:

c.reported at fair value on the balance sheet and as unrealized gains or losses on the income statement

Explanation:

The trading securities focuses on the securities which are traded to gain the profit through selling the securities which are based on the market values

So

any profit or losses could be come under the income statement

whereas

The fair values are to be reported on the balance sheet

hence, the correct option is c.

You might be interested in
What did the Supreme Court decide about the use of prayers to open government meetings in 2014?
harkovskaia [24]

Answer:

The Supreme Court decided that the use of prayers to open government meetings in 2014 is constitutional and that such meetings can hold, even if it clearly favors one faith, provided that there is no attempt to harass, intimidate, or coerce other religion believers.

5 0
3 years ago
On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.
Musya8 [376]

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

7 0
3 years ago
On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage v
svetoff [14.1K]

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense.     1800 (debit)

  Accumulated depreciation.   1800 (credit)

to record annual depreciation

5 0
3 years ago
Suppose a country spiraled into economic recession. What would John Maynard Keynes recommend to fight the recession?
zubka84 [21]

John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..

John Maynard Keynes is an economist who was popularly known for creating the Keynesian theory of economics

The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.

Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..

Learn more about this here

<em>brainly.com/question/6815540</em>

3 0
2 years ago
Sadik Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year ma
mr Goodwill [35]

Answer:

7.74%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,180

Assuming figure - Future value or Face value = $1,100  

PMT = $105

NPER = 5 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the answer would be 7.74%

7 0
3 years ago
Other questions:
  • The original price is $28.00 the tax is 7.25% what is the total
    14·1 answer
  • What does a merchant wholesaler do?
    13·2 answers
  • LYZ sells product P for $40 per unit. The cost of one unit of P is $36, and the replacement cost is $35. The estimated cost to d
    10·1 answer
  • The novelist can deal with social or religious beliefs through his characters.
    5·2 answers
  • Do you think the study of Financial Accounting can help you in running your business? Why?​
    6·1 answer
  • Secret Prizes Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plast
    6·1 answer
  • Ajak Corporation owns​ 85% of the single class of Utech Corporation stock. Utech Corporation owns​ 35% of Tech Corporation. Ajak
    5·1 answer
  • The following information pertains to Lance Company.
    15·1 answer
  • If the us wants to help the economy should it print more money? Why or not.
    15·1 answer
  • Three employees in the maintenance department are responsible for repairing the video games at Pinball Wizard, a video arcade. A
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!