Answer:
The correct answer is option D,held-to-maturity securities include corporate notes and bonds.
Explanation:
Held-to-maturity securities are normally debt instruments purchased with aim of keeping them till maturity so as to collect the principal amount invested as well as the related interests,since they are not held for short-term gains,they are not reported at fair values.
Securities held for short-term to be realized in short-term are reported at fair values
The correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.
<h3>What is a specialty store?</h3>
This refers to a retail store which lay emphasis on selling products which have specific category. It is to be noted that specialty store have a wide selection of products but few categories.
Hence, the correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.
Learn more about specialty stores here: brainly.com/question/7145120
#SPJ12
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
Answer:
The Journal entries are as follows:
(i) On January 1,
Cash A/c Dr. 26,000
To Unearned subscription revenue 26,000
(To record the receipt of the subscriptions)
(ii) On March 25,
Unearned subscription revenue A/c Dr. $500
To subscription revenue $500
(To record the one week of earned revenue)
Working notes:
subscription revenue for 1 week = 260 × 100 × (1 ÷ 52
)
= $500
