Answer:
nothing to be carried forward to next year $7,000 deductible this year;
Explanation:
Investment income is a return on the investment. Interest Expense is the amount of interest paid on the investment amount taken as a loan. The maximum amount to be adjusted as an expense against investment income is the amount of Investment income. Expenses no more than investment income will be adjusted. Nothing to be carried forward to next year.
Answer: c. trading securities.
Explanation:
Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.
It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.
Answer:
The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.
Explanation:
Cash reported December 31,2014 = Commercial savings account + Commercial checking account + Money market fund + Petty cash fund + Commercial paper + Currency and coin on hand
=$698,340 + $830,320 + $5,044,440 + $1,900 + $2,124,020 + $8,150
= $8,707,170
Therefore, The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.
Answer:
financial accounting and management accounting
Answer: Finance, purchasing, accounting, suppying
Explanation:
Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.
The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding
-Finance
-Purchasing
-Accounting
-Management Information System
-Supply management including warehouse and distribution management.
