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Blight Financial has an investment in bonds issued by Searing Industries that are classified as trading securities. At December

Paul [167]

Answer:

b. Credit to Fair value adjustment for $5,000

Explanation:

Particulars Amount

Beginning balance of fair value adjustment $20,000

Less: Unrealized gain on Dec 31, year 3 <u>$15,000</u> ($515,000-$500,000)

Credit to Fair value adjustment <u>$5,000</u>

So, Credit to Fair value adjustment for $5,000 will be included in the related journal entry dated December 31, Year 3.

7 0

3 years ago

During January, Luxury Cruise Lines incurs employee salaries of $2.4 million. Withholdings in January are $183,600 for the emplo

garri49 [273]

Answer and Explanation:

The journal entry to record the employee salary expense, withholdings, and salaries payable is shown below:

Salaries expense Dr $2,400,000

To Income tax payable ($360,000 + $150,000) $510,000

To FICA tax payable $183,600

To Account payable $24,000

To Salaries payable $1,682,400

(being employee salary expense, withholdings, and salaries payable is recorded)

Here the expenses are debited and payable are credited as it increased the expenses and liabilities

6 0

2 years ago

Imagine you've just gotten the first glimpse at your upcoming report card or transcript. 1. What are your steps for reviewing it

ludmilkaskok [199]

Answer:

Steps to Reviewing it:

Look for the unweighted and Total GPA
Look at the individual grades for the various subjects by semester then by GP.
Look at the explanation of marks
Finally look at the comments made on the report

Sections drawn to:

Total GPA
Grades in certain courses such as Computer Science, Commerce and Chemistry.
Comments from teachers

Important to me

That I pass all my subjects as much as possible and cause my teachers less grief.

Important to my parents

That I pass all my subjects by the best margins possible.

Actions if something looks wrong:

Investigate on my own first for instance, if a grade is not what it should be, go through term papers and be sure of the results.
Go to relevant authority to complain.

4 0

2 years ago

If the government increases its spending when the economy is expanding, automatic stabilizers _____ the government spending mult

SVETLANKA909090 [29]

Government increases its spending when the economy is expanding, automatic stabilizers increase the government spending multiplier.

Automatic stabilizers offset fluctuations in economic interest without direct intervention by policymakers. when incomes are excessive, tax liabilities rise and eligibility for authorities blessings falls, with no trade in the tax code or other legislation.

All through a monetary increase, automated stabilizers enable the government to chill off expansion or even fight inflation. while earnings fall, the identical stabilizers can position cash returned in the machine by means of tax refunds, welfare assessments, and other strategies to permit huge quantities of government spending.

Learn more about the government stabilizers here:brainly.com/question/25558588

#SPJ4

4 0

1 year ago

How should an organization design its structure and culture to obtain a core competence in manufacturing and in research and dev

nekit [7.7K]

Answer and Explanation:

core competency of an organization comprise it's multiple resource, capabilities and skills that gives it a competitive advantage in the market. It was originated in management theory by C. K. Prahalad and Gary Hamel.

For an organization to have core competencies in manufacturing and also research and development putting it's organizational structure and culture to use, it has to:

create a flexible and somewhat independent structure for it's research and development department such that innovation is easy. Control must be decentralized and the team must come first

For the manufacturing department, an organic and participative approach should be encouraged. This would allow inclusive management such that workers are included in decision making processes. Managers should also be given more independence while workers should increasingly be empowered

the organization should also take stringent measures in employing the right people for the research and development as well as the manufacturing department such that these individuals are qualified and possess the needed expertise for their areas. Staff should equally be empowered through constant education and new skill acquisitions and be allowed to impart this knowledge on other staff by encouraging transfers in global expansion.

6 0

3 years ago