Chapin Company purchased investments in 2017 at a cost of $200,000and recorded them as trading securities. Their market values totaled $250,000 and $230,000 on December 31, 2017, and December 31, 2018, respectively. The entry required on December 31, 2018, would include a
A) debit to Unrealized Holding Gain/Loss-Trading Securities of $20,000
B) credit to Unrealized Holding Gain/Loss-Trading Securities of $20,000
C) credit to Unrealized Holding Gain/Loss-Trading Securities of $30,000
D) debit to Unrealized Holding Gain/Loss-Trading Securities of $30,000
A
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Melissa owes her bank money for credit card bills. For the past two weeks, debt collectors have been harassing her for bill payment by coming to her workplace
Her boss tells her to not have such meetings at the workplace, and despite requesting the collection agency not to do so, the collectors continue to visit her at her workplace. Which of the following Acts would protect Melissa from such harassment? A) Fair and Accurate Credit Transactions Act B) Fair Credit Reporting Act C) Fair Debt Collection Practices Act D) Fair Credit and Charge Card Disclosure Act
Tobey and Loy applied for a managerial position with a company. After their interviews, they compared notes and found that they had been asked the same questions. In the context of the given scenario, they had been subjected to a(n) ________ interview.
A. structured B. nondirective C. panel D. telephone E. invalid
Katz proposed that managers need ________ skills.
A. technical, human, and financial B. human, empirical, and mechanical C. technical, interpersonal, and legal D. technical, human, and conceptual
A company purchased mining property for $4,875,000 containing an estimated 15,000,000 tons of ore. In Year 1, it mined 689,000 tons of ore and in Year 2, it mined 935,000 tons. Calculate the depletion expense for Year 1 and Year 2 and determine the book value of the property at the end of Year 2.$4,875,000/15,000,000 tons = $0.325 per tonYear 1: 689,000 tons * $0.325 per ton = $223,925Year 2: 935,000 tons * $0.325 per ton = $303,875
What will be an ideal response?