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Peter invests S100.000 in a 3-year certificate of deposit earning 3.5% at his time value concept would be used to determine the maturity value of
Peter invests S100.000 in a 3-year certificate of deposit earning 3.5% at his time value concept would be used to determine the maturity value of the ceremban a. Present value of one. Future value of one C Present value of an annuity due. d. Future value of an ordinary annuity. 9. Why would a company sell receivables to another company? a To improve the quality of its credit granting process. b. To limit its legal liability. c. To accelerate access to amounts collected. d. To comply with customer agreements. $35,000 500 8,200 2,100 10. Steinert Company has the following items at year-end: Cash in bank Petty cash Commercial paper with maturity of 1 month Postdated checks Steinert should report cash and cash equivalents of a. $35,000. b. $35,500. $43,700. d. $45,800. 11. At December 31, 2018, Atlanta Company has a stock portfolio valued at $80,000. Its cost $66,000. If the Securities Fair Value Adjustment (Available-for-Sale) has a debit balance $4,000, which of the following journal entries is required at December 31, 2018? a. Fair Value Adjustment 14,000 (available-for-sale) Unrealized Holding Gain or Loss-Equity 14,000 b. Fair Value Adjustment 10,000 (available-for-sale) Unrealized Holding Gain or Loss-Equity 10,000 C. Unrealized Holding Gain or Loss-Equity 14,000 Fair Value Adjustment 14,000 (available-for-sale) d. Unrealized Holding Gain or Loss-Equity 10,000 Fair Value Adjustment 10,000 (available-for-sale) The category "trade receivables" includes a. advances to officers and employees. b. income tax refunds receivable. c. claims against insurance companies for casualties sustained. d.none of these answer choices are correct
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