On December 29, 2021, Adams Apples purchased 1,000 shares of General Electric common stock for $29 per share. On December 31, the market value of the stock increased to $30 per share. On January 24, 2022, all of the shares are sold for $32 per share.
Required:
Record the initial investment, any fair value adjustment at the end of 2021, and the sale in 2022.
Answers: 2
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
Business, 23.06.2019 01:30
Jodie lives in a developing nation where the local markets are underdeveloped in terms of domestic exposure. her country wants to boost these domestic industries in the face of heavy competition from foreign players in the market. which trade practice should jodie’s country adopt to shield its domestic industries from foreign players? jodie’s country should adopt to shield its domestic industries from foreign players. typing answer
Answers: 1
Business, 23.06.2019 02:30
When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?
Answers: 3
On December 29, 2021, Adams Apples purchased 1,000 shares of General Electric common stock for $29 p...
Mathematics, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
World Languages, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
Business, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10
Mathematics, 24.11.2020 21:10