Answer:
Steelers Inc.
a) Journal entries:
Sept. 12
Debit Available for Sale Investment $133,200
Credit Cash Account $133,200
To record investments in the common stock of Bengals Inc., 11,110 shares at $12 per share.
Dec. 31:
Debit Unrealized Loss on Available for Sale Investment $22,200
Credit Available for Sale Investment $22,200
To record the fair value of the investment.
b) The unrealized gains and losses are included in other comprehensive income within the equity section of the balance sheet.
The loss will, therefore, be deducted from other comprehensive income.
Explanation:
Investments held for sale are accounted for at fair value. This implies that at the end of any accounting period, the fair value of the investments will be determined. This is usually the market value. Then, adjustments are made in the asset account according to the fair value. There will be recognized either unrealized gain or loss, which are taken to other comprehensive income in the balance sheet under the equity section.
Answer:
$1,135,000
Explanation:
Data provided as per the question
Contribution = $1,430,000
Income = $295,000
The calculation of fixed cost is shown below:-
Income = Contribution - Fixed cost
Fixed cost = Contribution - Income
= $1,430,000 - $295,000
= $1,135,000
Therefore, for computing fixed cost we simply deduct Income from contribution.
Answer- Bandwidth
Explanation:
i looked up ur question so im not sure if its correct
<h2>Yes the given statement is true by analyzing the chart attached.</h2>
Explanation:
Let us understand what teen means and what age group comes under teen.
All the age which ends with teen falls under teen age.
Age group: 13 to 19
When we analyze the data,
Age group <18: In 2008, the tax filers are 1.9 % and it declined to 1.4% in 2016
Age group 18 to 24: In 2008, the tax filer are 16.3% and 15.6 in 2016
So the the number of tax filers who filed in 2016 is less than 2008.
People whose age >55 has got more opportunity when compared to 2008
From this we can conclude that teens find difficult to get part-time and summer work
Answer:
d.regardless of what Ocean knew or could have discovered.
Explanation:
The uniform commercial code are a set of rules that govern transactions involving sale of goods. One of such rules is the implied warranty of merchantability.
When goods are sold there is an implied warranty that the item will perform up to a particular level.
For example if one buys a television not is expected that the television will work. If it does not come on, implied warranty has been breached.
So in this case regardless of what Ocean knew or could have discovered, selling defective goods is a breach of implied warranty of merchantability.
