Sinopia Corporation reported trading investments at fair value of $49,000 on December 31, 2016
There is a decrease of $3,800 in the fair value of the trading investments by the end of the year 2017. Which of the following is the correct journal entry?
A)
Trading Investments 3,800
Unrealized Holding Loss-Trading 3,800
B)
Unrealized Holding Loss-Trading 3,800
Trading Investments 3,800
C)
Unrealized Holding Loss-Trading 3,800
Fair Value Adjustment-Trading 3,800
D)
Fair Value Adjustment-Trading 3,800
Unrealized Holding Loss-Trading 3,800
C
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An example of a cash outflow from operating activities is
a. loans made by the company to other parties. b. a payment for employee salaries. c. payments to acquire treasury stock. d. payments to acquire investments in debt and equity securities.
Under a job order cost system of accounting, the entry to distribute payroll to the appropriate accounts would be:
a. Debit-Payroll Credit-Wages Payable b. Debit-Work in Process Debit-Factory Overhead Debit-Selling and Administrative Expense Credit-Payroll c. Debit-Work in Process Debit-Finished Goods Debit-Cost of Goods Sold Credit-Payroll d. Debit-Work in Process Debit-Factory Overhead Debit-Selling and Administrative Expense Credit-Wages Payable
Which element of expectancy theory could be phrased as the question, “What’s the probability that, if I do a good job, that there will be some kind of outcome in it for me”?
a. Expectancy b. Instrumentality c. Effort d. Valence
Discuss the history of data warehousing
What will be an ideal response?