Answer:
Madoff's alleged affair was Ruth's "final straw" Learning of an alleged affair Bernard Madoff, had in the 1990s gave Ruth Madoff "the spine" to cut all ties with her Ponzi-scheming husband, a New York Times journalist reporting on the family said on "The Early Show."
Explanation:
Answer:
The adjustment is:
Debit Unrealized Loss Account with $4,000
Credit Trading Debt Fair Value Adjustment Account with $4,000.
Explanation:
Held for trading assets are form of investment that an entity holds for the purpose of selling them within a short term period. The changes in these investments are recognized in the statement of comprehensive income for the period and are taken to fair value adjustment account.
The accounting entries to pass for each event are listed below:
Increase in market value: Debit the asset fair value adjustment account
Credit the unrealized gain account.
Decrease in market value: Credit the asset fair value adjustment account
: Debit the unrealized loss account.
In the case of Littlefield industries, there was a loss of $4,000 ( $200,000 - $196,000). So the fair value adjustment account will be credited with $4,000 to bring the investment value down to $196,000 and a corresponding debit entry will be recognized as unrealized loss and transfer to income statement for the year.
Answer: the bank on which the check is drawn because it must pay the check. (A)
Explanation:
A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.
A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.
Answer:
D. Willing and able to buy
Explanation:
Demand actually refers to the amount of goods consumers are willing and able to buy considering their income.
Being willing is not enough a consideration in determining demand but the ability to back the desire to buy with a purchasing power is what determines demand.
Hence we focus on how much of a product the buyers are willing and able to buy in analyzing demand.
Answer:
Chain of command promotes employee dependence which decreases accountability
Explanation:
The above statement is false when it comes to transactional leaders and their chain of command. On the contrary, it promotes employee independence which only requires approval from their leaders for any major decision. <em>This on the long run, increases accountability of the said process because, any given error could be easily be traced.</em>