Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its De
cember 31, 2020, income statement Hobson reported a net unrealized holding loss of $15,500 on these securities. Pertinent data at the end of June 2021 is as follows: Security Cost Fair Value
X $371,000 $343,500
Y 185,000 162,400
Z 424,000 407,800
Required:
What amount of unrealized holding loss on these securities should Hobson include in its income statement for the six months ended June 30, 2021?
Job requirements or qualifications refers to the set of skills, abilities, work experience, educational background, hobbies, etc., that the company considers are necessary for a candidate to possess in order for him/her to successfully perform the tasks related to the job opening.
In this case, Patagonia uses personal hobbies and lifestyle as part of their requirements for applying for a job, other companies might focus more on leadership skills, education, experience, but it depends on the type of product or service that the company sells.
(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)
The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.
<h3>What is the Lead Schedule?</h3>
A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
The sum for the related line item in a client's financial statements should match the number on the lead schedule.
The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.
To learn more about the Audit working paper refer to:
