In what ways do different ideologies and political systems influence the environment in which MNCs operate?
1 answer:
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Answer:
C.
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
The journal entry on declaration of dividend would lead to a debit to retained earnings and credit to dividends payable.
No journal entry is passed on the date of recording dividend.
Later, on the date of payment of dividend would lead to a debit to dividends payable and credit to cash account.
The journal entries have been shown below:
Total unrealized holding gain would Beresford report in its 2021 income statement relative to its investments in bonds is $36,600.
Unrealized holding gains are increases in the value of assets that a company or individual continues to hold.
This gain has not yet been reported on the entity's income statement as a realized gain.
The gain is considered realized once the asset is sold.
Assets are frequently held even after a gain in value has occurred, either because the owner expects another gain or because the owner does not want to pay taxes on the gain.
Therefore, total unrealized holding gain is the difference between the fair value of trading securities on 12/31/2021 and at 12/31/2020.
For the figures used refer to the attached image.
total unrealized holding gain = (76000 - 65000) + (98100 - 67000) + (58500 - 64000)
= 11000 + 31100 - 5500
= $36,600
Hence, the correct answer is $36,600.
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