FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Along-term investment in common shares and during 2014 at a cost of $45.000 has a market value on December 31, 2014, 1545,725. The year-end adjusting

image text in transcribed
Along-term investment in common shares and during 2014 at a cost of $45.000 has a market value on December 31, 2014, 1545,725. The year-end adjusting entry requires O A dete to Long-Term Investment for $725 O debe to Urealized Gain on restment for 5725 OC. credit to Allowance to Adjust investment to Market for 5725 OD. ne entry required

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Systems Exam Questions And Explanations

Auditing And Systems Exam Questions And Explanations

Authors: Ph.D. Gleim, Irvin N., Ph.D. Hillison, William A., Grady M. Irwin

17th Edition

1581949278, 978-1581949278

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose a monopolist owns a mineral spring. Answer and demonstrate each of the following: a. Assume that the cost of production is zero. What is the elasticity of demand at the profit-maximizing...

Answered: 1 week ago

Question

★★★★★
Sharesies: NZ investment platform Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders' attitudes towards investing. Prior to launching the...

Answered: 1 week ago

Question

★★★★★
13.35 Nonlinear effects of age Suppose you fit a straight-line regression model to y = number of hours worked (excluding time spent on household chores) and x = age of the subject. Values of y in the...

Answered: 1 week ago

Question

★★★★★
The records of Hollywood Company reflected the following balances in the stockholders equity accounts at December 31, 2010: Common stock , par $12 per share, 30,000 shares outstanding Preferred...

Answered: 1 week ago

Question

★★★★★
Along-term investment in common shares and during 2014 at a cost of $45.000 has a market value on December 31, 2014, 1545,725. The year-end adjusting entry requires O A dete to Long-Term Investment...

Answered: 1 week ago

Question

★★★★★
In the climbing tower crane described in the book "Science of Everything", Chapter 2, what would happen to the crane if you suddenly removed the counterweight, shown in the right side of this diagram

Answered: 1 week ago

Question

★★★★★
Assignment 1 (10%) This assignment relates to the following Course Learning Requirements: CLR 1: Discuss the development of management and the challenges, skills, and attributes of managers CLR 3:...

Answered: 1 week ago

Question

★★★★★
Case Study 11.3: Walmart de Mexico In 2018 the OECD Working Group on Bribery completed its Phase 4 evaluation of Mexico's implementation of the convention. According to the report, Mexico needs to...

Answered: 1 week ago

Question

★★★★★
Assuming the average Earth Radius R E = 6378 km : The question I have are below: A Falcon 9 launched from Cape Canaveral ( 28 N Latitude ) delivers a satellite directly ( i initial = 28 ) into a...

Answered: 1 week ago

Question

★★★★★
If a 42 years man take 2 minute to finish 1 apple and 25 year man take 2.5 minutes to finish 1 apple, how many minutes would a 17 years boy take to finish.

Answered: 1 week ago

Question

★★★★★
b) Suppose you and your friend are communicating using Facebook that is running inside a chrome web browser on both of your Laptops. Now, in both of your chrome browser, multiple tabs are open. Your...

Answered: 1 week ago

Question

★★★★★
Read the source of spotlight on the law 9.8 and compare their decisions over reasonable adjustment with more recent cases. Has the position changed as more decisions have been made at higher courts?

Answered: 1 week ago

Question

★★★★★
Annualised hours (see case study 7.1 and focus on research 7.1) appear to have considerable advantages for the employer. Read the article and book chapter on which these extracts are based and...

Answered: 1 week ago

Question

★★★★★
Specify which techniques of training are best suited to the following: Learning to drive a car Students needing a basic understanding of the business cycle Teaching teenagers about personal...

Answered: 1 week ago

Previous Question Next Question