Answer:
Dr Available for sale securities 11,500
Cr Unrealized gains - AFS securities 11,500
Explanation:
The securities cost is $420,000 while the fair market value is $431,500, so the difference is an unrealized gain of = $431,500 - $420,000 = $11,500.
Unrealized gains are included in Other comprehensive income account, which belongs under stockholder equity. When unrealized gains increase, then they should be credited.
Since the securities are held as investment assets, they should also increase by debiting the account.
Answer:
<u>medically speaking, Yes!</u>
Explanation:
Since the scenario only <em>involves the individual running into the car, not the car hitting the individual</em>; meaning that he'll have less severe injuries.
To be able to recover from the harm done, the individual may need first aid treated.
Answer:
<u><em>Philanthropy</em></u>
Explanation:
Target donates millions of dollars each year in education - related grants for arts and cultural experiences , field trips , and reading programs , as well as grants to promote public safety . This is an example of<u> Philanthropy.</u>
Philanthropy means giving things like money or any kind of gift to people for are need of that.
Philanthropy is good , it helps in solving the social problem .
There is a little difference is charity and Philanthropy , that is , Charity is short - term while Philanthropy is long - term. Charity tends to be emotional and have immediate response on the other hand philanthropy is more strategical .
<em>Philanthropy always focuses on eliminating social problem.</em>
Answer:
$10.49
Explanation:
The computation of the net asset value of the fund is shown below:
= (Market value of the assets - market value of the liabilities) ÷ number of oustanding shares
where,
Market value of assets is
= (200,000 × $35) + (300,000 × $40) + (400,000 × 20) + (600,000 × 25)
= $42,000,000
So, the net asset value of the fund is
= ($42,000,000 - $30,000) ÷ (4,000,000)
= $10.49
Answer:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry is shown below:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets
And since there is a credit balance so the same is deducted from the account receivable
