1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DanielleElmas [232]
3 years ago
7

Bridgeport Company buys and sells securities expecting to make money on short-term price movements. Bridgeport purchased 150,000

shares of Intel common stock at $20 per share on December 1. On December 31, Intel common stock's market price was $23 per share. Select the appropriate adjusting journal entry on December 31, if any.a. Dr. Investment in Intel $450,000
Cr. Cash $450,000
b. Dr. Investment in Intel $450,000
Cr. OCI $450,000
c. No entry is needed.
d. Dr. Investment in Intel $450,000
Cr. Net unrealized holding gains/losses - (P&L) $450,000
Business
1 answer:
LenKa [72]3 years ago
8 0

Answer:

d. Dr. Investment in Intel $450,000 Cr. Net unrealized holding gains/losses - (P&L) $450,000

Explanation:

                           Adjusting journal entry

Date      Account titles and Explanation             Debit           Credit

Dec 31   Investment in Intel                                $450,000

              [($23-$20)*150000 shares]

                      Net unrealized holding gains/losses (P&L)      $450,000

You might be interested in
Which of the following should be considered when deciding on a loan?
blsea [12.9K]
The answer is d all of the abovten
6 0
3 years ago
Read 2 more answers
You are planning on starting your own business in 18 months and you intend to purchase a new home. You have looked carefully at
Leya [2.2K]
B. Your banker is not aware of your of your other long term financial goals
7 0
3 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that.
ElenaW [278]

The companies likely to advantage the most from the worldwide attain of e-commerce are those who more than one choice

*have already got physical shops, a website, and in-person and online clients worldwide.

*Perform in towns or other regions that accumulate an excessive income tax for or her items or services.

*promote products or services that can be delivered online, inclusive of ebooks or online instructions.

*previously trusted foot site visitors into one physical save to sell their products.

international attain refers to a commercial enterprise initiative to boom the get right of entry to between an agency and their modern and ability customers thru using the internet. The internet allows the corporation to market themselves and entice new clients to their website where they are able to offer product records and higher customer service.

clients can vicinity orders electronically, consequently reducing luxurious long remote cellphone calls and postage prices of placing orders, even saving time on behalf of the purchaser and employer.

A business enterprise striving to achieve international attain ought to offer a code of ethics, an agency shopping policy, extra contact facts, ok product facts, and charges. The website itself has to be multi-lingual, the customer is easy to use and has the capability to secure information.

worldwide e-commerce is the system of promoting products or services online throughout geopolitical borders to customers in foreign nations. compared to local e-commerce, wherein a store most effectively sells within its united states of starting place, international eCommerce lets traders expand into non-native markets and reach new clients.

Learn more about e-commerce here:brainly.com/question/23369154

#SPJ4

3 0
1 year ago
1. How is Unilever applying its understanding of internal consumer processes in the psychological core to market its products?
Vedmedyk [2.9K]

Answer:

Unilever is applying its understanding of internal consumer processes by using several points of the psychological core to market its product in order to create valuefrom customers in return. ... It creates a relationship between the customer and the brand.

Explanation:

3 0
3 years ago
What does the Lorenz Curve illustrate about the economy?
Alex_Xolod [135]

Answer:

Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.

Explanation:

Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.

6 0
3 years ago
Other questions:
  • In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the
    6·1 answer
  • Duke is a particularly highly skilled negotiator. the law firm that hires duke is able to collect twice as much revenue per hour
    8·1 answer
  • 7) You put 20% down on a home with a purchase price of $250,000. The down payment is thus $50,000, leaving a balance owed of $20
    10·1 answer
  • Which job would require a license or certification?
    7·2 answers
  • Donald, the owner of a popular restaurant, is a religious man, and he needs to make a decision on whether he will add beer and w
    10·1 answer
  • Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0
    10·1 answer
  • What must a dental assistant have in order to take dental X-rays
    7·2 answers
  • A sum of $46875 was lent out at simple interest and at the end of 1 year 8 months, the total amount was $50000. Find the rate of
    5·1 answer
  • An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for…
    15·1 answer
  • a high school in a low-income area offers special programs to help students acquire the technical skills needed to find jobs as
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!