Answer:
Industrial Market
Explanation:
Market owned called Market and the consumer markets are paying for the food
General and legal and political environment
Answer:
net income 3,140
CI = 0
OCI = 5,320
Accumuated OCI = 5,320
Explanation:
the trade securities wil be valued at fair market. the interest on bonds will be recognize as earnings. The holding gains will be part of other comprehensive income until the bonds are sold.
interest revenue 3,140 part of net income
unrealized holding gain 5,320 part of OCI
the OCI will be disclosure on the income statement
while the accumulated OCI on the balance sheet.
Since the company is following a periodic inventory system, it has to use temporary accounts to record sales and purchases.
Transaction A
Purchases – Dr 860500
Accounts payable 860500
Transaction B
Accounts payable - Dr $111,600
Purchase returns $111,600
Transaction C
Accounts payable - Dr 748900
Discount received 14,978
Cash 733,922