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2 years ago

At December 31, 2020, the available-for-sale debt portfolio for Blossom, Inc. is as follows.

Business

1 answer:

NARA [144]2 years ago

4 0

Answer:

a. Blossom Inc

Statement of Comprehensive Income

For the Year Ended December 31, 2020

Particulars Amount

Net income $123,000

Other comprehensive income:

Add: Unrealized holding gain $3,400

Comprehensive income $126,400

b. Blossom Inc

Statement of Comprehensive Income

For the Year Ended December 31, 2021

Particulars Amount

Net income $142,000

Other comprehensive income:

Total holding gains in 2021 $41,000

Add: Reclassification adjustment- $2,700

for loss included in net income $38,300

Comprehensive income $180,300

Note:

Particulars Amount

Net amount received from the sale of Security A $17,900

Less: Cost of Security A $15,200

Loss on the sale of Security A ($2,700)

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Answer:

The depreciation expense for 2015 is $2,000

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ useful life

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= 4,500 × 3 years

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The remaining amount would be

= $35,500 - $13,500

= $22,000

So, the depreciation expense for 2015 would be

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3 years ago

____________ is a condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bo

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Consent I think is the answer

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3 years ago

What management function is production manager Cedric Stein using when he orders aluminum component parts (bumpers, drive trains

N76 [4]

Answer:

Purchasing

Explanation:

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3 years ago

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Answer:

Cannot, Less

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Answer:

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Basically, it is a structured program which is typically designed and focused on improving a high-potential trainee's skills such as communication, listening, empathy, oratory abilities, etc, in order to make them to be more productive, valuable, an effective leader, and leverage on new opportunities that would help the organization achieve success in their set goals and objectives, as well as enhance their competitive advantage over rivals in the industry.

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3 years ago