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
zheka24 [161]
3 years ago
6

Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli

na stock is $5,000 and has a fair value of $6,000 on December 31 at the end of the first year it held the securities.
Required:
Write the necessary adjusting entry.
Business
1 answer:
Volgvan3 years ago
4 0

Answer:

Dec 31

Dr Fair value adjustment - stock $1,000

Cr Unrealized gain - Income $1,000

Explanation:

Preparation of the journal entry to record the necessary adjusting entry

Based on the information given the journal entry to record the necessary adjusting entry will be:

Dec 31

Dr Fair value adjustment - stock $1,000

Cr Unrealized gain - Income $1,000

($6,000 - $5,000)

You might be interested in
If a typical firm in a perfectly competitive industry is earning profits. True or False
Gwar [14]

Answer:

The answer is True.

Explanation:

Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.

6 0
3 years ago
Nora enters into a contract with Oceanic Transport, Inc., to insure and ship a painting from France to the United States for a c
brilliants [131]
The court system is messed up i dont get what you are asking.

7 0
3 years ago
Cashiers at the supermarket are allowed to adjust the price of an item up to a maximum of​ $5.0 without getting the​ manager's a
Alekssandra [29.7K]
I didn't even read it
8 0
4 years ago
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

#SPJ1

7 0
2 years ago
​a(n) _____ operation does not start processing or assembling products until it receives a customer order.
Scorpion4ik [409]
A Make-to-Order Operations operation does not start processing or assembling products until it receives a customer order. 
This type of strategy is used to minimize product abundance that exist in the market. Usually, being done by the company whose products sold under a large price (such as car or boats)
4 0
3 years ago
Other questions:
  • You are planning a graduation trip to Mexico. Other things the same, if the dollar appreciates relative to the peso, then
    5·1 answer
  • Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided
    11·1 answer
  • Scenario
    5·1 answer
  • In russia what preceded the communist takeover of the government?
    15·1 answer
  • Dr. Byron offers two possible solutions to sleep problems. If you had a child that would not sleep, which solution do you think
    14·1 answer
  • What are the portfolio weights for a portfolio that has 134 shares of Stock A that sell for $44 per share and 114 shares of Stoc
    6·1 answer
  • The promotional mix consists of:a. public relations, direct marketing, personal selling, and publicityb. advertising, personal s
    15·1 answer
  • Why, in summary, should managers think of staffing, training, appraising, and paying employees as a talent management process?
    6·1 answer
  • Indicate the account being debited:
    10·1 answer
  • What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warrant
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!