The albertville city council decided to pool the investments of its general fund with albertville schools and richwood township in an investment pool to be managed by the city.
each of the pool participants had reported its investments at fair value as of the end of 2016.
at the date of the creation of the pool, february 15, 2017, the fair value of the investments of each pool participant was as follows: investments 12/31/16 2/15/17 city of albertville general fund $ 893,000 $ 915,000 albertville schools 4,206,000 4,300,500 richwood township 3,950,000 3,934,500 total $ 9,049,000 $ 9,150,000

required :

a. prepare the journal entries that should be made by the city of albertville, albertville schools, and richwood township on february 15 to record their participation in the investment pool. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)
b. prepare the journal entries to be made in the accounts of the investment pool trust fund to record the following transactions for the first year of operations: (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations.)

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.