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
Olegator [25]
3 years ago
15

On January 1, Black Company's valuation allowance for Trading investment account had a credit balance of $22,500. On December 31

, the cost of the trading securities portfolio is $100,000. The fair value is $80,000. Which of the following would Black report?a. an Unrealized Gain on Trading Investments of $18,000.
b. an Unrealized Loss on Trading Investments of $4,500.
c. an Unrealized Gain on Trading Investments of $4,500.
d. an Unrealized Loss on Trading Investments of $18,000.
Business
1 answer:
Mariulka [41]3 years ago
4 0

Answer:

Unrealized gain $2,500

Explanation:

The computation of the unrealized loss or gain is shown below:

Gain = Fair value - book value

Loss is opposite of gain i.e

Loss = Book value - fair value

where,

Fair value is $80,000

And, the book value is

= Cost of trading securities portfolio - credit balance

= $100,000 - $22,500

= $77,500

So, the unrealized gain is

= $80,000 - $77,500

= $2,500

This is the answer and the given options are wrong

You might be interested in
The basic goal in dealing with the problem of scarcity is
Fiesta28 [93]
Scarcity is to not have enough resources to fullfil a societies wants and needs. The 3 basic questions a society must ask inorder to deal with this are. what to produce? how to produce? and, for whom to produce? whoever answers those questions is how I societies economic system is decided. Though to answer your question in short, the basic goal of a society is to deal with scarcity, they achieve this by producing as much resources as possible with the little resources available.
6 0
3 years ago
Weiss Lenscorp, a maker of camera lenses, provides a 3-year warranty against defects on all of its products. In fulfilling its w
GuDViN [60]

Answer:

warranty liablity account ending balance:  3,510,000

Explanation:

In total, we expect a warranty expense for 6% for each sale distributed among three years.

For the 32,000,000 million sales for 2019 we expect:

32,000,000 x 6% = 1,920,000 warranty expense.

                                   warranty liaiblity

                                   debit       credit

beginning                                3,370,000

expenditures          1,780,000

warranty expense  <u>                 1,920,000</u>

balance                                    3,510,000

6 0
3 years ago
Net income $ 15,500 Cash dividends paid to stockholders 3,600 Cash proceeds from sale of land 3,800 Cash proceeds from bank loan
lozanna [386]

Answer: 3500

Explanation:

The company would report net cash provided by (used in) financing activities based on the following:

Cash proceeds from bank loan 9,800

Less: Cash dividends paid to stockholders 3,600

Less: Cash payment (principal) on bank loan 2,700

Cash flow on financing activity will now be:

= (9800 - 3600 - 2700)

= 9800 - 6300

= 3500

Therefore, the The company would report net cash provided by (used in) financing activities of 3500

5 0
3 years ago
Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would
Sophie [7]

If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.

The complete question is:

Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?

a.)No, because Carol is not a real estate licensee.

b.)Yes, because they have an exclusive agency listing agreement.

c.)No, because Carol found her own buyer.

d.)Yes, but she only owes the listing commission.

To know more about commission refer to:   brainly.com/question/957886

#SPJ4

3 0
2 years ago
Office with demarcation is known as what​
Katyanochek1 [597]
A a boundary point or network boundary point, a demarcation point is the physical point at which the public network of a telecommunications company ends and the private network of a customer begins.
3 0
3 years ago
Other questions:
  • Can someone please help me
    8·1 answer
  • Imagine you are looking at a bottle of salad dressing containing oil, vinegar, and water. you notice that the oil sits on "top"
    13·1 answer
  • Personal Finance: What change is taking place on this graph?
    14·2 answers
  • A company's weighted average cost of capital:_______.
    13·1 answer
  • Security frameworks establish behavior expectations and define policy. Policies cannot address every scenario employees will fac
    14·1 answer
  • he newspaper reported last week that Bennington Enterprises earned $34.03 million this year. The report also stated that the fir
    5·1 answer
  • An environmental service employee of the hospital was called to the vascular surgery floor to clean the floor where a bag of pot
    7·1 answer
  • Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on
    12·1 answer
  • Jefferson tutoring had the following payroll information on Feb 28:
    6·1 answer
  • Wright Automobiles, a used car dealer, has to purchase soft drinks and snacks for the vending machines in the customer lobby. Th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!