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kumpel [21]
2 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]2 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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A subordinate should have the ability to manage the organization's workforce as a leader. The subordinates' impression of their talents is an important personal quality.

<h3>What is the path-goal leadership theory?</h3>

According to the path-goal theory, a leader's conduct is influenced by their employees' satisfaction, motivation, and performance. The manager's task is considered as improving employees ’ performance in choosing the best pathways to achieve both their own and the company's goal.

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1 year ago
Kenneth, the CEO of Dewberry Inc., is very particular about establishing and maintaining good interpersonal relations with his e
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Answer:

<em>Need for Achievement.</em>

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The desire to succeed, to perform in comparison to a set of norms, to strive to achieve greatness is the need for achievement.

5 0
3 years ago
Rinaldo wants to know how you recorded the part cash and part credit purchase that occurred during the beginning of May in Sage
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Which career requires less education than an Auditor?

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If you hold a $100 U.S. Treasury Bill, this means: (Select all that apply) Helpful Hint: There are 2 correct answers. The U.S. g
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The U.S. government owes you $100.

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Treasury Bill Characteristics:

Unlike Treasury bonds and notes, T-bills do not pay periodic interest payments to investors. Instead, Treasury bills are auctioned off to investors at a discount to their face value. The investor's return is the difference between the face value and the discount price paid at purchase.

How Do You Cash a Treasury Bond?

For Treasury bonds held with a bank or broker, consult the institution to redeem them.

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