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
____ [38]
3 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]3 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.

You might be interested in
A higher wage rate will lead to increases in the amount of laborsupplied if the:a. income effect is stronger than the substituti
tresset_1 [31]

Answer: The correct answer is "B). substitution effect is stronger than the income effect."

Explanation: A higher wage rate will lead to increases in the amount of laborsupplied if the substitution effect is stronger than the income effect, this happens because this happens because if the substitution effect is stronger than the income effect increases the additional benefit for a worker.

Because if the income effect were greater than the substitution effect the worker would earn more in less time and decrease the amount of labor supplied.

3 0
3 years ago
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product
ELEN [110]

Answer:

I'm figuring this out for you!

Explanation:

7 0
4 years ago
Which feature is a characteristic of a corporation?
tester [92]

Answer:

A corporation has the ability to enter into contracts, incur liabilities, and buy, sell, or own assets in its corporate name. These provisions can be found in the charter or articles of incorporation. Ownership of a corporation is divided into shares of stock.

5 0
3 years ago
A brand new business-to-business purchase that is complex or risky and that requires extensive decision making is called:_______
Marta_Voda [28]

A brand new enterprise-to-business buy this is complex or risky and that requires sizeable decision-making is called: New venture buy.

A brand is a call, term, layout, symbol, or any other function that distinguishes one dealer's top or carrier from the ones of different dealers. certainly put, your emblem is your promise to your client. It tells them what they could count on from your products and services, and it differentiates your providing from that of your competition. Your logo is derived from who you're, who you want to be, and who humans understand you to be.

A corporation's brand is its identity, and it's miles one of the most valued parts of the business. The emblem is what consumers apprehend and competition worry about. company branding is an essential part of marketing an organization's products.

A brand is an intangible advertising or business idea that facilitates humans to pick out a business enterprise, product, or character. people often confuse brands with things like logos, slogans, or other recognizable marks, which are advertising tools that assist promote items and offerings.

Learn more about the brand here: brainly.com/question/25754149

#SPJ4

4 0
1 year ago
Responsibility for the financial statements and other information found in the annual report lies with
RSB [31]

Answer:

Management

Explanation:

The Management of the company are appointed as stewards by the owners of the company (shareholders). They have a role in reporting the entity`s operations and ensuring that they provide a good return for the shareholders investments.

5 0
3 years ago
Other questions:
  • With a deadline approaching, all seven members of Sharon's product development team were working round-the-clock and still the w
    7·1 answer
  • Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per un
    15·1 answer
  • A project has annual income exclusive of depreciation of $80,000. the annual rate of return is 15% and annual depreciation is $2
    13·1 answer
  • Employees at Metlock, Inc. are paid $13500 cash every Friday for working Monday through Friday. The calendar year accounting per
    8·1 answer
  • What practice should you avoid in your grooming habits?
    9·2 answers
  • Which of the following cash flows are NOT considered in the calculation of the initial outlay for a capital investment proposal?
    14·1 answer
  • Greg, the CEO of Organic Market, wants managers and employees to instruct each other about the organization’s chosen values and
    11·1 answer
  • Stangol Co. uses process costing to account for the production of highlighter pens. Direct materials are added at the beginning
    11·1 answer
  • g Suppose a bond is priced at $1035, has 12 years remaining until maturity, and has a 12% coupon, paid monthly. What is the amou
    10·1 answer
  • Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!