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Leviafan [203]
3 years ago
7

At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at

market value of $57,320 with a cumulative unrealized loss of $12,350. What was the historical cost of the debt securities available for sale?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

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Lynn regularly works a 40-hour week and earns $9 per hour. She receives time-and-a-half pay for each hour of overtime she works.
ANTONII [103]

Answer:

Her regular gross pay is $360

Explanation:

Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.

In the question, we have to find out the regular gross pay which includes the daily earning of a person

So, her regular gross pay is equal to

= number of hours × rate per hour

= 40 × $9

= $360

We don't include overtime wages as it is not included in  regular gross pay. So, it is ignored.

Hence, her regular gross pay is $360

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Write an essay about the effects of poverty
pishuonlain [190]
Cold heartedness and inner generosity
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2 years ago
Craig would like to view a graphical representation of his project's work packages in a timeline bar chart format. Craig should
Nimfa-mama [501]

Answer:

a. Gantt chart.

Explanation:

Gantt chart is a horizontal bar graph, which represent the project planning and its progress report. It help to reduce lot of time and effort invested in planning projects. It also helpful in tracking status of project, milestones, production time, scheduling projects and project management. It was invented by Henry gantt, the graph was named after him.

5 0
3 years ago
Sage Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed
maks197457 [2]

Answer:

Dr Unrealized Holding $32,760

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Explanation:

Preparation of What entry would you make on December 31, 2020, to recognize these facts

Based on the information given the Joi entry you would make on December 31, 2020, to recognize these facts will be :

December 31, 2020

Dr Unrealized Holding $32,760

Cr Estimated Liabilities $32,760

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7 0
2 years ago
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xxTIMURxx [149]

Answer:

c. supply curve to the right, meaning market price will fall.

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3 0
3 years ago
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