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Ainat [17]
1 year ago
9

Sloan Company has owned a debt securities investment during 2021 that has increased in fair value. After all closing entries for

2021 are completed, the effect of the increase in fair value on total shareholders' equity would be:
Business
1 answer:
Anuta_ua [19.1K]1 year ago
4 0

Answer:

This securities investment classifies as unrealized gains, as it has to be reported in the balance sheet under shareholder equity in the Accumulated Other Comprehensive Income account.

Explanation:

Unrealized gains (or losses) only exit on paper, since the company cannot recognize the gains until it sells the securities. It is an estimate of the profits that the company can make when it sells the securities, but until it does, they cannot be included in the income statement.

You might be interested in
Harvey works for Ice Cream Dream, a company that sells commercial ice cream makers. Ice Cream Dream normally has a gross profit
kvv77 [185]

Answer:

$50

Explanation:

Sales - gross profit

Sales = $1000

Gross profit = 1000 *30%

= $300

1000 - 300

= $700, this value is the actual cost

Actual cost = $700

The amount paid = $650

To calculate the amount to be included, we subtract the amount paid from actual cost

= $700 - $650

= $50

Amount to be included in harveys grow income = $50

5 0
2 years ago
which member of the acquisition team is responsible for forming the acquisition team and leading the team
Alona [7]

Answer:

A project manager.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Hence, it is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

Generally, a project manager is a member of the acquisition team and is responsible for forming the acquisition team and leading the team through the various stages of the project.

4 0
1 year ago
Gore Inc. recorded a liability in 2021 for probable litigation losses of $2 million. Ultimately, $5 million in legitimate warran
KengaRu [80]

Answer:

Gore is not required to make any accounting adjustments

Explanation:

Gore won't be required to make any accounting adjustments because the litigation loss is already $2,000,000 leading to him recording a liability in his account in which

$5 million in legitimate warranty claims were as well filed by his customers which is why he won't be making any further Accounting adjustment in 2021.

4 0
1 year ago
On March 1, Roxanne acquires a house for $160,000. She pays $20,000 down and borrows the remaining $140,000 by obtaining a 15-ye
natali 33 [55]

Answer:

a)$12,800.00

B)$10,439

Explanation:

Please see attachment

Download pdf
4 0
2 years ago
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? C
Lelu [443]

Answer:

As you are starting at 45 years until 65 years, meaning you got only 20 years. So, the best investment options I recommend are,

  • Certificate of Deposit
  • Bonds
  • Mutual Funds

Explanation:

First of all, in terms of investing, 20 year time span is NOT that beneficial or wise! Because as you know, to gain the true effect of compounding, it is always better to start early and go on for about 30 or 40 years, even 50! Google about "Warren Buffet"!

However, in this case, the 3 options mentioned above are much better. But I'm not saying others are bad.

Certificate of deposits, Bonds and Mutual funds are relatively less riskier and does not fluctuate much with the market.

Moreover, the interest  yields are preferably higher.

Given that the interest rate remains relatively at a higher lever, these 3 options will pay of a decent contribution through compounding over the course of 20 years.

8 0
1 year ago
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