Chang Company purchased several investments in December 2017. Costs and market values of those investments on December 31, 2017, are presented below: ? Cost Market Value XYZ stock $200,000 $180,000 ABC stock 400,000 420,000 DEF stock 600,000 540,000 ? Assuming all of the securities are classified as trading securities, the journal entry required on December 31, 2017, the end of Chang's fiscal
year, would include a
A) debit to Unrealized Holding Gain/Loss-Trading Securities of $60,000.
B) credit to Unrealized Holding Gain/Loss-Trading Securities of $60,000.
C) credit to Unrealized Holding Gain/Loss-Trading Securities of $80,000.
D) debit to Investment in Trading Securities of $60,000.
A
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Which of the following statements is true of the production concept?
A) It considers customer focus and value to be the paths to sales and profits. B) It follows the customer-centered sense-and-respond philosophy. C) It takes an outside-in perspective. D) It calls for sustainable marketing. E) It leads to companies focusing too narrowly on their own operations.
List the five steps you should follow when previewing material before taking notes
What will be an ideal response?
Product features, customer service, and complements are all examples of important
A. value curves. B. cost drivers. C. cost curves. D. value drivers.
The provisions of a will currently undergoing probate are: "Two thousand shares of Dorn stock to my son; $30,000 in cash from my Atlas Savings Bank account to my brother; $50,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."Assume that, at the time of death, the estate included 1,200 shares of Dorn stock, $60,000 cash in the savings account, and $70,000 in cash from other sources. What would the son have received from the settlement of the estate?
A. 2,000 shares of Dorn stock and $25,000 cash. B. 2,000 shares of Dorn stock and $10,000 cash. C. 1,200 shares of Dorn stock and $10,000 cash. D. 1,200 shares of Dorn stock and $25,000 cash. E. 1,200 shares of Dorn stock and $35,000 cash.