Washington Corp. held 1,500 of Vashon Company common stock with a cost of $74,387. These shares were classified as a Long-Term available-for-sale investment. It sold the shares on December 13 for $55,275. Prepare the journal entry to record Washington's sale.
What will be an ideal response?
You might also like to view...
Goodwin's Grocery has decided to purchase a meat-processing plant to gain more control of its beef supply and improve its profits. Which form of integrative growth strategy has Goodwin's employed?
What will be an ideal response?
Orin claims that a Pennsylvania state statute infringes on his "substantive due process" rights. This claim focuses on
a. procedures used to make decisions to take life, liberty, or property. b. the content of the statute. c. the similarity of the treatment of similarly situated individuals. d. the steps to be taken to protect Orin's privacy.
State Farm Insurance Company is the largest insurance company in the United States and is consistently recognized for its efforts to "build safer, stronger, and better communities." It has received numerous awards including Corporate Responsibility Index, Corporation of the Year, Outstanding Corporate Partner, and Top 100 Employers. Recently, State Farm received a President's Volunteer Service Award from Junior Achievement for providing more than 5,000 volunteer hours to the organization. The State Farm-Junior Achievement program helps students by partnering with organizations to reduce high school dropout rates and increase the number of students receiving high school diplomas. Research has shown that students who graduate from high school will be more successful and productive citizens.
In order to be successful, State Farm must be able to recruit and hire talented employees who have met minimum expectations for educational achievement. Through its partnership with Junior Achievement, State Farm Insurance Company has adopted a __________ approach to social responsibility. A. strategic philanthropy B. cause-related marketing C. mission-central D. sustainable
Auditing standards issued by the U.S. General Accountability Office include specific reference to ethical requirements relating to an audit of financial statements, however, auditing standards issued by the Auditing Standards Board do not address ethics.
Answer the following statement true (T) or false (F)