Did you ever find the answer?
The student loan debt has the highest consumer debt balance.
Below is an explanation about student loan debt.
<h3>What is Student Loan debt</h3>
Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution
This type of loan has the highest consumer debt balance.
Lean more about types of debt at brainly.com/question/2754850
The global company holds a portfolio of equity securities. the company intends to sell the securities during the next accounting period. the company should classify the investment as <u>A valuation allowance account is increased or decreased.</u>
<h3>What is the ultimate holding period for the securities held under the held-for-trading category?</h3>
Held-for-trading security is a debt or equity investment that investors purchase with the intent of selling within a short period, usually less than one year. Within that time frame, the investor hopes to see an appreciation in the value of the deposit and sell it for a profit.
<h3>What is the distinction between held-to-maturity trading and available-for-sale securities?</h3>
Held to maturity securities are guarantees that companies purchase and intend to hold until they mature. They are unlike trading protection or available for sale securities, where companies don't usually hold on to protection until they reach maturity
To learn more about global company, refer
brainly.com/question/2824360
#SPJ4
Answer:
b) $500 is recognized in year 1 and $8,500 in year 2.
Explanation:
Calculation to determine When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?
Calculation for amount recognized in year 1
Payment in year 1= $9,000 ÷ 18 months
Payment in year 1= $500
Therefore Based on the above calculation the amount recognized in year 1 will be $500
Calculation for the amount recognized in year 2
Payment in year 2 = $9,000 - $500
Payment in year 2= $8,500
Therefore The amount recognized in year 2 will be $8,500
Answer:
d. Eliminate contributions to inefficient non-profit organizations
Explanation:
Other listed options are valuable to the question on strategic philanthropy except that on the need to eliminate contributions to inefficient non-profit organizations. No philanthropist would want to offer support to non-profit organizations that are unproductive and inefficient.