Debt service fund held marketable securities that cost $1,000,000 when purchased during 2011. the securities had fair values of $900,000 on december 31, 2019, and $960,000 on december 31, 2020. the average fair value during the year was $950,000. assuming the government made no journal entries for these securities during 2020, what journal entry should be made in the debt service fund to report the securities in its balance sheet on december 31, 2020?
select one:
a. dr. investments 50,000
cr. revenues—net increase in fair value of investments 50,000
b. dr. investments 40,000
cr. revenues—net increase in fair value of investments 40,000
c. dr. investments 60,000
cr. revenues—net increase in fair value of investments 60,000
d. no entry is necessary because the securities were not sold and no gain or loss was realized.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8