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Kobotan [32]
3 years ago
13

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $75 million at par and classified the securit

ies as available-for-sale. On December 31, 2021, these bonds were valued at $68 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $86 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should next take the second step of:
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

$11 million gain

Explanation:

As part of the multi step approach to record the 2022 transaction, Jefferson Corporation should next take the second step of: Recording a sales transaction with a gain of the amount of $11 million which is Calculated as:

Gain= Bonds purchased $75 million at par - Bonds sold $86 million

Gain=$11 million

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Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

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3 years ago
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Answer:

some goods aren't internationally traded

Explanation:

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The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.

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3 years ago
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horizons

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When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying
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Learn more about distribution here: brainly.com/question/12892403

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