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3 years ago

The viability and relevancy of insurance products

1 answer:

6 0

<span>If you have a business that makes different products for sale, then product viability insurance is very important to make sure that the products are safe. It's made to protect your business if you make specific production.</span>

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As a long-term investment, Fair Company purchased 20% of Midlin Company's 300,000 shares for $360,000 at the beginning of the re

k0ka [10]

The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:

1. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. No journal entry required

3. Debit Cash $15,000

($300,000×$0.25×20%)

Credit Investment revenue $15,000

(To record dividend received)

4. Debit Fair value adjustment $15,000

Credit Net unrealized holding gains and losses- OCI $15,000

($375,000-$360,000)

(To record fair value adjustment)

2. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. Debit Investment in Midlin common shares $27,000

Credit Investment revenue $27,000

($135,000×20%)

(To record investment revenue)

3. Debit Cash $15,000

($300,000×$0.25×20%)

Credit Investment revenue $15,000

(To record dividend received)

4. No journal entry required

Learn more here:brainly.com/question/15422359

5 0

2 years ago

Now replay the animation but focus on the orange arrows. what occurs every time an orange arrow is released?

pav-90 [236]

Now replay the animation but awareness of the orange arrows' strength that happens each time an orange arrow is launched.

Animation is a method in which figures are manipulated to appear as moving photos. In traditional animation, pix are drawn or painted by way of hand on transparent celluloid sheets to be photographed and exhibited on film. today, maximum animations are made with computer-generated imagery (CGI).

Animation facilitates deepen visible understanding better than traditional diagrams. Animation omits pointless verbiage and visuals. It permits you to talk thoughts quickly and sharply. Animation is a value-saving conversation strategy.

Animation works by means of the use of an optical phantasm. By offering a series of nevertheless images in brief enough succession, the viewer interprets them as a non-stop transferring image. this is the identical principle that permits live motion filmmaking and projection to paintings.

Learn more about Animation here: brainly.com/question/18260878

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6 0

2 years ago

According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de

iren2701 [21]

Answer:

rises; demanded falls

Explanation:

The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.

The aggregate demand curve is negatively sloped.

Please check the attached image for a graph of the aggregate demand curve.

I hope my answer helps you

3 0

3 years ago

A comparison of the marketing concept and customer relationship management indicates that customer relationship management:_____

steposvetlana [31]

Answer:

Explanation:

4 0

3 years ago

Please I need help.....

Harrizon [31]

already answered this question for you in a previous post. Please do not post the same question 6 times in the thread.

5 0

3 years ago