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____ [38]
2 years ago
6

Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair va

lue of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. Northern properly classifies these bonds as trading securities. Prior to recording the sale, the journal entry to adjust the bonds to fair value includes (Select all that apply.)
Business
1 answer:
Helen [10]2 years ago
6 0

Answer:

we are not given any options, so I will show you the adjusting journal entry:

Dr Investment in bonds 75,000

    Cr Unrealized holding gains 75,000

Northern actually made a profit by simply holding these bonds since they appreciated from $600,000 to $675,000, but it cannot record the gains immediately until they are sold. That is why unrealized holding gains is credited.

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Think of three example from your own experience, and explain how they demonstrate the concept of diminishing marginal utility.
rewona [7]
Examples:
1.) Having a stain on your rug there's only so much you can get out before your damaging your rug with cleaner

2.) Babysitting and having the child miss there mom, there's only so much you can do to try to calm him/her down 

3.) Watering plants, if you haven't watered plant in a long time so you give them extra water, if you keep giving the plant extra water it will eventually drown and die.

6 0
3 years ago
"The members of a marketing department are having a meeting. There is a lot of disagreement over the content of the next adverti
AveGali [126]

Answer:

The correct answer is organizational.

Explanation:

Organizational behavior is a field of study in which the impact that individuals, groups and structures have on behavior within organizations is investigated, in order to apply this knowledge to improve the effectiveness of such organizations. It is a scientific discipline whose knowledge base constantly adds a lot of research and conceptual developments. But it is also an applied science, since information about effective practices in an organization can be extended to many others and thus leave departmentalism.

4 0
3 years ago
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announc
Dimas [21]

Answer:

Explanation:

1. The journal entry for declaration of dividend is shown below:

Retained Earnings A/c Dr

= (8,600 million shares × $0.18 per share) = $1,548 million

          To Dividend payable in cash                                         $1,548 million

(Being dividend is declared)

2. No journal entry should be passed on the record date

3. The journal entry for payment of the cash dividend is shown below:

Cash dividend payable A/c Dr     $1,548 million

      To Cash                                                              $1,5480 million

(Being payment is made for cash dividend)

5 0
3 years ago
1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times
vivado [14]

The engineer's real income today in terms of constant 1950 dollars is $14,400.

<h3>What is the real income?</h3>

Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.

Real income = nominal income - inflation

Inflation = (1 + 6.6) x $6000 = $45,600

Real income = $60,000 - $45,600 = $14,400

To learn more about real income, please check: brainly.com/question/6616964

7 0
2 years ago
A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend l
Vesna [10]

Answer:

465 minutes or 8 hours and 15 minutes

Step-by-step explanation:

her monthly bill was 72.25 and she has to pay 2.50 per month

72.25 - 2.50 = 69.75

69.75/ 0.15 = 645 minutes

645 minutes/ 60 minutes= 7.75 = 8 hours 15 minutes

8 0
2 years ago
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