Answer:
book value and market value.
Explanation:
Book value of an asset is the value of an asset as reported originally in the balance sheet or financial statement of an organization, which may be adjusted for subsequent changes as a result of depreciation or impairment.
Market value is the price or cost associated with an item trading in the open market, it entails the lowest price a seller is willing to sell and the highest price a potential buyer is willing to pay to buy goods over a period of time in the market.
The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference between its book value and market value.
Answer:
B. raw materials inventory
Explanation:
A perpetual inventory system is a system in accounting records to ensures that the number of goods in a store or in storage facility is accurately and immediately reflected by the books
Well obviously the economy is shrinking. people aren’t buying/trading much because they don’t want to risk going out and going through avoidable things you know?
Answer:
2018-unrealized loss of $2,000
2019 -gain on sale of investments of $8,500
Explanation:
As at December 31st 2018,the amount S& L would include in its pretax income as a result of the bond investment is the difference between the purchase of the bond of $875,000 and the fair value of the investment at year end of $873,000,effectively that gives an unrealized loss of $2,000($873,000-$875,000)
However, in the year 2019 ,the amount to be included in pretax amount in respect of the bond is the difference between the fair value in 2018 and the proceeds from the sale of investment of $881,500 i.e a gain of $8,500($881,500-$873,000)
