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34kurt
3 years ago
15

Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $61 per bond and classified the investment as securities

available for sale. The value of the Diamond investment was $73 per bond on December 31, 2016, and $92 on December 31, 2017. During 2018, Hawk sold all of its Diamond investment at $146 per bond. In its 2018 income statement, Hawk would report:
Business
1 answer:
Pavel [41]3 years ago
6 0

Answer:

Explanation:

In this question ,we take the difference of the per bond value based on the year. The computation is shown below:

During 2015 to During 2017:

= Number of bonds purchased × (December 31, 2017 value - 2015 value)

= 10,000 × ($92 - $61)

= 10,000 × $31

= $310,000

During 2018:

= Number of bonds purchased × (December 31, 2018 value - 2017 value)

= 10,000 × ($146- $92)

= 10,000 × $54

= $540,000

So, the total amount would be

= $310,000 + $540,000

= $850,000

This amount which reflect in the income statement as a realized gain

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During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha
kicyunya [14]

$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

7 0
3 years ago
Credit sales to customers are: Group of answer choices A. Recorded using the Enter Bills window B. Recorded in a Credit Card Sal
Fed [463]

Answer:

C. Recorded using a Create Invoices window

Explanation:

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These are purchases made by a customer that do not require a full payment  at the time of purchase.

Credit sales to customers are <u>recorded using a Create Invoices window.</u>

7 0
3 years ago
What is the marginal income tax rate of a $5,000 raise for someone who currently makes $95,000 per year?
elena-14-01-66 [18.8K]

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This method of taxation, known as progressive taxation, aims to tax individuals based on their earnings, with low-income earners paying a lower rate than higher-income earners. Under a marginal tax rate, taxpayers are typically divided into tax brackets or ranges, which determine the rate applied to the tax filer's taxable income.

However, how much of an individual's income is taxed depends on more factors than just their marginal tax bracket. Instead, income taxes are calculated progressively, with a range of income levels subject to a certain rate for each bracket.


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5 0
2 years ago
Does the business able to make the most out of the fixed asset?
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3 years ago
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kobusy [5.1K]

Answer:

increase with an increase in efficiency and effectiveness.

Explanation:

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5 0
3 years ago
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