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kumpel [21]
3 years ago
11

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. Complete the necessary adjusting entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Business
1 answer:
quester [9]3 years ago
7 0

Answer:

Dec 31

Dr Fair value adjustment - stock $1,000

Cr Unrealized gain - Income $1,000

Explanation:

Preparation of the necessary adjusting entry

Based on the information given if The cost of the Melina stock was the amount of $5,000 in which it has a fair value of the amount of $6,000 on December 31 which means that 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)

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Answer:

Check the explanation

Explanation:

1. Record the journals as shone, below:

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6 0
3 years ago
For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr
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Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

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3 years ago
Sunland Company has outstanding 500000 shares of $2 par common stock and 150000 shares of no-par 7% preferred stock with a state
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Answer:

Total dividend paid = $340,000

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Dividend paid to common stock holders

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= $214,000

The correct answer is C

Explanation:

There is need to calculate the preferred dividend for 3 years, which is a function of dividend rate, current market price, number of preferred stocks outstanding  and number of years. The current market price of the preferred stock is used for the computation because the preferred stock has no par value. Then, the amount of dividend paid to common stock holders is the difference between the total dividend paid and preferred dividend.

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If the level of incomes rises for high-income workers but doesn't change for low-income workers, then poverty will not change an
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If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."

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Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.

According to the World Bank, poverty is as follows:

  • Hunger is poverty.
  • Absence of shelter is poverty.
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Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.

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Answer:

feature differentiated products

Explaination:

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