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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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Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond

almond37 [142]

Answer:

bonds payable 1,000,000 debit

loss on redemption 20,000 debit

discount on bonds 10,000 credit

cash 1,010,000 credit

--to record tyhe call of the bonds on September 30th--

Explanation:

par value of the bonds: 1,000,000

call premium: 10,000

total cash disbusements: 1,010,000

carrying value 990,000

loss on redemption 20,000

Notice: It is a loss as we are paying more than the aliability is worth

discount/premium:

face value 1,000,000

carrying value 990,000

discount 10,000

We write off the bonds account: bond payable and bon discount

we debit the loss and credit hthe cash disbursments

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3 years ago

Which of the following are correct descriptions of large corporations? (You may select more than one answer. Single click the bo

erik [133]

Answer:

The corporation survives even if managers are dismissed.

Shareholders can sell their holdings without disrupting the business.

Explanation:

Large corporations are not as easy to dissolve as other types of companies because they have other resources that are able to keep them going if they lose some. One of those resources could be a manager. Should a manager be dismissed, the corporation will survive and simply replaced the dismissed manager.

Also with such corporations, the shareholders can simply sell their shares and the business's operation will not be disrupted as the shareholders do not have any direct say over the day to day running of the business.

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3 years ago

What is the basic process of staffing

Tems11 [23]

Answer:

hope you like it

Explanation:

Staffing is the process of determining the manpower requirements of a company which are necessary to achieve its objectives. This includes appraising and selecting candidates to fill these requirements and orienting, training and developing new and existing staff.

Manpower requirements- The very first step in staffing is to plan the manpower inventory required by a concern in order to match them with the job requirements and demands. Therefore, it involves forecasting and determining the future manpower needs of the concern.

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3 years ago

What is the slope of the line represented by the equation y=-2/3 - 5x?

iren [92.7K]

Answer:

the slope is -5 or -5/1

Explanation:

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3 years ago

At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes t

LUCKY_DIMON [66]

Answer:

The correct answer is entrepreneurs are born, not made.

Explanation:

Entrepreneurs, social psychologists and economic theorists have speculated on whether entrepreneurs are born or made, in other words, if you are predisposed to become an entrepreneur because of your genetic constitution, or if that provision comes from your environment, conditioning or other external factor.

For most entrepreneurs, it is comforting to think that business men and women are made, that even if they lack the "right" DNA, practice, experience and sufficient conditioning to be a success.

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3 years ago