Answer:
the net impact on these items is $5,000 gain
Explanation:
The computation of the net impact on these items is as follows;
Net effect is
= Gain - Loss - suspended loss
= $50,000 - $15,000 - $40,000
= $5,000 gain
hence, the net impact on these items is $5,000 gain
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
15.05%
Explanation:
Calculation to determine the expected return on a portfolio
Using this formula
Expected return = (Return on stock A * Percentage invested in stock A) + ( Return on Stock B * Percentage invested in Stock B)
Let plug in the formula
Expected return= (20% * 67%) + (5% * 33%)
Expected return= 13.4% + 1.65%
Expected return= 15.05%
Therefore the expected return on a portfolio is 15.05%
Answer:
Post closing trail balance
Explanation:
As we know that
In the trial balance, it contains two sections. The one is debit that recorded expenses, and assets whereas another one are credit that recorded liabilities, revenues, and the stockholder equity
The post-closing trial balance is that trial balance that is made after passing the closing entries with respect to revenues, expenditure, dividend, net profit or net income.
The motive of this to balance the debit and the credit section which should be zero. Moreover, it is to be carried forward that would become the starting balance of the next accounting period.
The correct answer to this question would be:
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