Answer:
B) Unrealized Holding Gain or Loss-Income. 300,000
Notes Receivable 300,000
Explanation:
December 31, 2017 realized losses:
- Dr Unrealized Holding Gain or Loss―Income 300,000
- Cr Notes Receivable 300,000
Since the carrying value of the notes receivable was $300,000 higher than their fair market value, it means that the company will lose money.
Since the company is losing money, it should debit the Unrealized Holding Gain or Loss―Income account. Gains are credited and losses are debited.
We need to establish a formula where the costs of both accounts are equal.
For account 1, we have a fixed cost of 10 and a variable cost of .10 we would write the cost formula as .1x+10
For account 2, we have a fixed cost of 12 and a variable cost of .05, we write this formula as 12 + .05x
Set the two formulas equal to each other
.1x+10 = 12+ .05x
Solve for X
.05x= 2
x= 40
Someone would need to write 40 checks to make the two checking accounts equal.
Inspection and approval of food products ➡ Food and Drug Administration
Regulation of population and conservation of energy ➡ Environmental Protection Agency
Protection and safety of workers ➡ Occupational Health and Safety Organization
The statement "<span>Independent risks can be diversified by holding a large number of uncorrelated assets with independent risks." is true.
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