Harlon accounts for its equity investment portfolio at fair value through net income. Harlon sold its holdings of A Corporation shares on June 1, 2022, for $15 million. On September 12, it purchased the C Corporation shares. Required: 1. What is the effect of the sale of the A Corporation shares and the purchase of the C Corporation shares on Harlon's 2022 pretax earnings
Answers
The sale of the A Corporation stock and the subsequent purchase of the C Corporation stock on Harlon's pretax earnings results in an unrealized holding gain.
The unrealized holding gain occurs because the Harlon Corporation reinvested the sale proceeds with the purchase of C Corporation stock. While the pretax earnings will increase by the gain (difference between the sale proceeds and the investment's book value), the unrealized holding gain is not taxable.
Thus, the effect of the sale increases the pretax earnings in the financial statements but the purchase of another investment cancels its taxation effect for the current moment.
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Related Questions
A refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.
Answers
Answer:
Market
Explanation:
simply market meaning a vacant space in supply which needs to be filled with commodities and services by producers(regarding to the unsatisfied people)
Which of these are variable expenses?
A. car insurance
B. mortgage
C. water bill
D. health insurance
Answers
Answer:
c. Water bill
Explanation:
answer will be water bill because it is a variable expense it will change time to time all others will not change with time they will be
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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30. Chapter mank07t, Section .48, Problem 083
Refer to Figure 7-24. If the government imposes a price ceiling at $12, then producer surplus is
A. HGCD.
B. BCIF.
C. BDF.
D. CDI.
Answers
If the government imposes a price ceiling at $12, then the producer surplus is A. HGCD.
What is a producer surplus?The total amount a producer gains from producing and selling a quantity of a good at market price is referred to as producer surplus. The producer surplus is equal to the total revenue a producer receives from selling their goods less the marginal cost of production.
Producer surplus is a metric of producer well-being. The area above the supply curve and below the equilibrium price is depicted graphically.
Producer surplus equals the difference between the market price and the producer's minimum acceptable price. It can also be calculated in the following way: Total Revenue - Production Cost = Producer Surplus.
In conclusion, the correct option is A.
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PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answers
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
Suppose the economy is in a recession. The economy needs to expand by at least $450 billion, and the marginal propensity to consume is 0.6.
What is the least amount the government can spend to overcome the $450 billion gap?
$
billion
Answers
When an economy is in a recession and produces less than its potential GDP, expansionary fiscal policy is most suitable. Through reductions in public expenditure or increases in taxation, fiscal policies that are in contractionary mode lower the amount of aggregate demand.
How does an economy get out of a recession?
What Happens When an Economy Comes Out of a Recession? After a period of market-based economic adjustment, economies emerge from recessions. Economic recovery is also aided by fiscal stimulus plans. Both the central bank and the government have an influence on the economy through their separate monetary and fiscal policies.
How does a recession unfold? Companies sell less during recessions, and economic growth slows down or stops altogether. Large percentages of personnel may need to be let go by organizations to save expenses, which will lead to widespread unemployment.
The 2008 financial crisis-related global recession and the Great Depression of the 1930s, respectively, are the most frequently cited examples of a recession and depression.
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Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2022 : - Ordinary dividends $695 - Capital gain distributions $315 - Nontaxable distributions $680 Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $867 in dividends from Vanguard Investments and $298 in interest on California Municipal Bonds. Elmer and Elsie filed a joint income tax return for 2022 What amount is reportable as taxable dividend income?
Answers
$1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
What is taxable dividend?
A taxable dividend is a portion of a company's profits that is paid out to its shareholders and is subject to taxation by the government. When a company pays a dividend, it distributes a portion of its after-tax earnings to its shareholders, and those shareholders are required to report the dividend as taxable income on their personal tax returns. The tax rate for dividends can vary depending on the recipient's income level and other factors, but generally, they are taxed at a lower rate than ordinary income.
To determine the taxable dividend income for Elmer and Elsie, we need to first add up their total dividend income and then subtract any non-taxable distributions.
Elmer's taxable dividend income is:
Ordinary dividends: $695Capital gain distributions: $315Total taxable dividend income for Elmer = $695 + $315 = $1,010
Elsie's taxable dividend income is:
Dividends from Vanguard Investments: $867Total taxable dividend income for Elsie = $867
Now, we add up the total taxable dividend income for Elmer and Elsie:
$1,010 (Elmer's taxable dividend income) + $867 (Elsie's taxable dividend income) = $1,877
Finally, we need to subtract any non-taxable distributions:
Nontaxable distributions from Virginiana Mutual Fund: $680Taxable dividend income for Elmer and Elsie = $1,877 - $680 = $1,197
Therefore, $1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
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Farmer Pete owned a farm that he was planning on selling for about $250,000. He decided to run an advertisement in the local newspaper. Bob saw the
advertisement, called Farmer Pete, and offered to purchase the farm. Later, Farmer Pete wrote Bob a letter, informing him that he no longer would sell him
the farm. Bob really wanted the farm and filed a lawsuit against Farmer Pete, seeking to enforce the contract. Farmer Pete defended on the grounds that
the contract was unenforceable because of the statute of frauds. The letter Farmer Pete had sent to Bob did not contain any of the terms of the sale even
though he had signed it. Bob claimed that the advertisement could be combined with the letter and satisfy the statute of frauds. How will the court
decide the matter?
Answers
The court will bring justice in favor of Farmer Pete and not on the side of bob after looking at all the pieces of evidence.
What is a courtroom?A courtroom is an enclosed space where a trial takes place before a judge. The court may house multiple courtrooms, Courts are the center of judicial activity and provide a fair environment in which most court proceedings take place. The size and interior design of each courtroom can be based on the specific requirements of the type of hearings and trials that take place in that courtroom.the chief justice will bring justice in favor of farmer Pete because he planned to sell his land which is an agreement to the sale which is an offer for the public at large, in which the offerer offers advertisement is subject to the public at large at the price mentioned and anyone from aggregate universe can apply for that ad.
so keeping in mind that no actual contract was made between Mr. Pete & Mr. Bob.
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Deep discount bonds reflect questionable quality. True False
Answers
Answer:
I think "False" but I'm not sure.
Explanation:
I'm sorry if it's wrong.
the necessity of marketing and advertising for any business
Answers
Answer:
Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it
Explanation:
explain database structure
Answers
Answer:
Explanation:
A Database Structure is a organized collection of data . It is used to building blocks instead of having a random data the database provide the person to store the data in an organized manner.
There are 3 types of Database Structure
ierarchical database systems.
network database systems.
object-oriented database systems.
_Case Study_ -
*Factors for effective communication*
Nalisiwe is a community development facilitator. She wanted to help young people in her community by starting a support group. She asked a community leader to call a meeting for youth. The community leader called the meeting and asked youths to bring their identity documents to the meeting so that they may register for the project. Because the young people had been asked to bring their identity documents to the meeting, many youth came to the meeting, thinking that the meeting was about applying for a Job. Those who did not have identity documents did not attend the meeting. The youth were very frastrated when they heard that there were no Jobs on offer, and that the meeting was to discuss setting up a support group for youth.
Nalisiwe was frastrated because she felt that the community leader may have had other political intentions in asking the youth to bring their identity documents.
Questions:
1. What can you tell about the mental make - up of Nalisiwe?
2. What were the needs of the audience (the youth)?
3. What were the circumstantial Demands that influenced the communication?
4. How could Nalisiwe and the community leader have been clearer about the purpose of the meeting when they sent out the invitation to the youth?
5. The identity document became a distraction and a symbol for something different than what was intended. How could they have avoided this ambiguity?
6. How could Nalisiwe have worked towards a shared goal, despite the initial misunderstanding abou
Answers
1. Based on the given information, we can infer that Nalisiwe is a proactive and well-intentioned individual who is passionate about community development. She has a clear vision of helping young people in her community and is determined to start a support group for them. However, she may also be feeling frustrated and disappointed due to the misunderstanding that occurred during the meeting.
2. The needs of the audience (the youth) were initially misinterpreted due to the lack of clarity in the meeting invitation. They were looking for job opportunities and saw the meeting as a chance to apply for jobs. Their primary need was employment and the prospect of improving their livelihoods.
3. The circumstantial demands that influenced the communication include the community leader's involvement in organizing the meeting and the way the invitation was communicated. The request to bring identity documents created confusion and led the youth to believe that the meeting was about job applications.
4. To be clearer about the purpose of the meeting, Nalisiwe and the community leader could have clearly stated in the invitation that the meeting was for discussing the establishment of a support group for youth and not for job applications. They could have emphasized the importance of youth participation and highlighted the benefits and objectives of the support group.
5. To avoid the ambiguity surrounding the identity documents, Nalisiwe and the community leader could have explicitly stated that bringing identity documents was not a requirement for the meeting. Instead, they could have focused on conveying the purpose and benefits of the support group, addressing the specific needs and concerns of the youth, and highlighting opportunities for personal growth and community involvement.
6. Despite the initial misunderstanding, Nalisiwe could have worked towards a shared goal by actively engaging with the youth, listening to their concerns, and adapting the support group's objectives to address their needs. She could have facilitated open and transparent communication, clarified any misconceptions, and reassured the youth of the benefits and opportunities the support group could provide. Building trust and maintaining effective ongoing communication would be crucial in aligning everyone towards the shared goal of empowering and supporting the youth in the community.
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I need a an idea of followership introduction help me!
Answers
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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In 2012, XYZ Inc., a medical equipment distributor, sold 10,000 units of its hospital beds at an average price of $500 per unit. The company reported estimated returns and allowances of $200,000. The company purchased 11,000 units of its product from its manufacturer in 2012 at an average cost of $350 per unit. XYZ began 2012 with 1,000 units of its product in inventory (carried at an average cost of $300 per unit). Operating expenses (excluding depreciation) in 2012 were $400,000, and the depreciation expense was $100,000. XYZ had $2,000,000 in debt outstanding throughout all of 2012, which carried an average interest rate of 10%. The company’s tax rate is 40%. Its fiscal year runs from January 1 through December 31. Given this information, prepare the following documents: a. XYZ’s 2012 income statement b. XYZ’s 2012 ending inventory balance (both in unit and in dollar terms)
Answers
a. The preparation of XYZ's Income Statement for the year ended December 31, 2012 is as follows:
Net sales revenue $4,800,000
Cost of goods sold 3,450,000
Gross profit $1,350,000
Operating expenses 400,000
Depreciation expense 100,000 500,000
Operating income $850,000
Interest Expense 200,000
Income before taxes $650,000
Taxes (40% x $650,000) 260,000
Net income $390,000
b. The ending inventory balance of XYZ's 2012 is as follows:
Units = (Beginning inventory + Purchases - Sales)
= 2,000 beds (1,000 + 11,000 - 10,000)
Dollars = $700,000 (2,000 x $350).
Data and Calculations:
Units of beds sold = 10,000
Average price per unit = $500
Sales revenue = $5,000,000
Estimated returns and allowances = $200,000
The Net sales revenue is $4,800,000 ($5,000,000 - $200,000).
The Cost of goods sold is $3,450,000 (9,000 x $350 + 1,000 x $300).
The Ending inventory is $700,000 (2,000 units x $350).
Operating expenses = $400,000
Depreciation expense = $100,000
Interest expense = $200,000 ($2,000,000 x 10%)
Tax rate = 40%
Thus, the ending inventory balance of XYZ's 2012 is 2,000 beds, worth $700,000.
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In union terms, a direct strike occurs:
a. when an organized body of workers withholds its labor to force the employer to comply with its demands.
b. when union members and their supporters refuse to buy products from a company being struck.
c. when workers who have no particular grievance of their own and who may or may not have the same employer decide to strike in support of others.
d. when people refuse to patronize companies that handle products of struck companies.
Answers
Answer:
. when an organized body of workers withholds its labor to force the employer to comply with its demands.
Explanation:
causes and effects of International Factor Mobility
Answers
Answer:
Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.
Explanation:
5. What is the difference between your assets and your liabilities known as?
Answers
Answer:
The difference between your assets and your liabilities is known as either your profit or loss.
Answer:
assets are things that you might need, or are more important. Liabilities are things that are extra.
Explanation:
what is one effect of the collapse of the soviet union on russian society? view available hint(s) for part a what is one effect of the collapse of the soviet union on russian society? a decrease in homelessness the strengthening of the family structure improved educational opportunities a decrease in unemployment an increase in poverty
Answers
One effect of the collapse of the Soviet Union on Russian society was an increase in poverty.
After the collapse of the Soviet Union, the country experienced economic turmoil, leading to widespread poverty and unemployment. The sudden shift from a planned economy to a market economy left many Russians without jobs, and the lack of social safety nets exacerbated the problem. The government's inability to provide basic necessities, such as food and housing, led to an increase in poverty rates. This economic hardship had a significant impact on Russian society, affecting not only individuals but also families and communities, leading to social issues such as crime and addiction.
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Soybeans and corn are both used as animal feed. (70% of Soybeans are used as animal feed, and Corn is the primary animal feed in the US.) Also, on many farms, farmers can grow either soybeans or corn. Ethanol is a fuel derived from corn. Ceteris parabus: If demand for ethanol fuel increases causing the equilibrium price of corn to increase, what will happen to the market for soybeans
Answers
Answer:
there would be a decrease in the equilibrium quantity and an increase in the equilibrium price of soybeans
Explanation:
if equilibrium price of corn increases, farmers would want to plant more corn. Due to the fact farmers can grow either soybeans or corn, farmers would choose to grow corn. Thus the supply of soybeans would fall. this would shift the supply curve for soybeans to the left. As a result, here would be a decrease in the equilibrium quantity and an increase in the equilibrium price of soybeans
What accounting book is used to capture changes to the trial balance
Answers
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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what are the challenges associated with not being ‘tech savvy’ in 2023?
Answers
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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HELP PLSSS HALP
How many tears would it take to fill up a pool? Explain.
Answers
Answer: Lets say 2 tear drops equals a teaspoon, And 3 teaspoons equals a tablespoon and 2 tablespoons equals a fluid ounce and 32 ounces equal a quart and 4 quarts equal a gallon and lets say the pool is 10 gallons It would take about 768000 tears to fill a ten gallon pool. Not gonna lie not even i'm depression enough for that.
Advertising is NOT a good way to find harmful information about a product because a. it is not endorsed by the government. b. there are no regulations to control what is said. c. only favorable information is likely to appear. d. it is the most available source of information.
Answers
A social media start-up wants to raise funds to support growth by offering shares to a select group of investors. What type of market transaction should they pursue
Answers
Answer:
By Private placement, the company will be able to raise funds offering shares to a select group of investors.
Explanation:
$400 invested with compound interest at a rate of 3% per year for 2 years. Formula: M = P(1+ i)n
Answers
Answer:
$424.36
Explanation:
The applicable formula =M= P ( 1+ r)^2
Where M is the amount after two years
P = principal amount: $400
r = interest rate: 3% or 0.03
n =number of period :2
M= $400 x ( 1+ 0.03) ^ 2
M=$400 x 1.0609
M= $424.36
Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000.
After receiving the letter, Company Y immediately sent a telegram to Company X
purporting to accept the offer. However, the telegram company erroneously delivered
the telegram to Company Z. Five days later, the market price of cotton increased a lot.
Company X mailed a letter to company Y to revoke the original offer. The letter of
revocation was received by Company Y. Is there any contract between Company X and
Company Y?
Answers
There is no contract between Company X and Company Y. In order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offeror.
According to the case study presented, there is no valid contract between Company X and Company Y. The reason is that acceptance must be communicated to the offeror and the acceptance must be received by the offeror. In this case, Company Y's purported acceptance was not received by Company X because it was erroneously delivered to Company Z.
Moreover, the general rule is that a revocation is effective upon receipt. Therefore, since Company Y received the revocation letter from Company X, it means that Company X has withdrawn the offer. Therefore, there is no contract between Company X and Company Y.
To conclude, in order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offer.
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Karen wants to buy stock, but is worried about the current "bear market." What does this mean?
A.that many investors are selling their stocks in anticipation of lower profits
B.that many investors are buying stocks in anticipation of higher profits
C.that protits from stocks are rising, making it-a good time to buy
D. that profits from stocks are falling, making it a good time to buy
Answers
Answer:
A.that many investors are selling their stocks in anticipation of lower profits
Explanation:
In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.
Generally, when a company is performing well financially, its stock price will appreciate. Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.
Suppose that a restaurant uses a focus group of regular customers to determine how many customers would buy a proposed new menu item at various prices. Can this information be used to estimate an inverse demand function? A demand function? Explain briefly. Would it be possible to use a focus group to generate data that could be used to estimate a demand function that includes both price and income as explanatory variables?
Answers
The information can be used to estimate an inverse demand function and a demand function as E. the demand curve, and the inverse demand curve can be calculated from it.
A demand function with price and income as explanatory variables can be generated from the focus group by capturing buying pattern data at different prices and levels of income.
It should be noted that a demand function simply shows the relationship that exists between the quantity demanded and price. Based on the question, using a demand function can be computed easily since quantity is a function of price.
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The impact of induction on coep
Answers
Bill Blank bought 900 shares of a mutual fund with a NAV of $13.80. This fund has a load charge of 2%. What did Bill pay for the investment?
Answers
I’m almost sure I’m sorry if I’m wrong