At year end, Mayce Co. held debt investments with the intent of selling them in the near term. The investments consisted of $300,000, 9%, seven-year bonds, purchased for $278,000. Mayce also held an investment in equity securities purchased for $75,000. At year end, the bonds were selling on the open market for $320,000 and the equity securities had a market value of $90,000. What amount should Mayce report for these investments in its year-end balance sheet?

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:

Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.