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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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Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp
jekas [21]

Answer:

Dr. Work in process                  $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory        $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

Material usage Variance = $49,950 - $49,500 = $450 unfavorable

When the actual cost incurred is more than the standard cost the variance is unfavorable.

3 0
3 years ago
THANK YOU GUYS FOR ALL THE HELP
photoshop1234 [79]
I just answered this to get a point sorry ☺
3 0
3 years ago
Asynchronous Testing of 2 Specimen-Diversion Devices to Reduce Blood Culture Contamination: A Single-Site Product Supply Quality
jasenka [17]

Skin antisepsis kits having alcohol and chlorhexidine gluconate or tincture of iodine are associated with low rates of blood culture contamination.

<h3>Skin antisepsis kits</h3>

Skin preparation is an important factor in declining the rate of blood culture contamination. We evaluated blood culture contamination rates associated with the use of skin antisepsis kits including either 2% alcoholic chlorhexidine gluconate or 2% alcoholic tincture of iodine.

Contamination of blood cultures is a typical problem, with rates for organizations ranging from 2% to more than 6%. Most contaminants produced from blood cultures are indigenous human microbial flora. Careful skin practice is an important factor in reducing the rate of blood culture contamination.

To learn more about blood culture contamination visit the link

brainly.com/question/1426959

#SPJ4

6 0
10 months ago
If Coca-Cola had all the human resources, operations, marketing, and accounting functions for the bottled water division at an o
astraxan [27]

Answer:

product

Explanation:

When a company is organized by product, it will structure its whole operation to cater to focus on that one product. This will include the way the arrange their production method, distribution strategy, marketing plan that they implemented, etc.

We can use coca-cola as an example.

They separate the office to cater specific products only. They do this to increase the efficiency of the production. Focusing only on one product  will make it easier for the workers to understand the type of customers that they face in the market and the type of  materials and production method that will be the most cost efficient.

6 0
3 years ago
Bill enters into a contract with Tom to supply 100 umbrellas at $10.00 each. The umbrellas were to be delivered on August 20th.
mars1129 [50]

Answer:

Honestly, Bill Can not sue Tom

Explanation:

Firstly I don't know the contractual agreement between Tom and Bill, but based on the fact that Tom informed Bill of the latest happenings as regards the umbrella,

Hence Bill is well Informed.

Now Bill tested his umbrella and they were OK, it doesn't rule out the fact and the possibility of 14 out 100 to be bad, this can be in a form of factory error.

3 0
3 years ago
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