Harvard Co. purchased a bond on December 1 of the current year for $30,000 and classified the investment as trading. The market value of the investment at year-end is $36,000. What value will be reported in net income for the adjustment?

A. $ 36, 000
B. $( 6, 000 )
C. $ 6, 000
D. $ 30, 000

Ans: C. $ 6, 000

Business

You might also like to view...

Under the Secured Transactions Article of the UCC, which of the following requirements is necessary to have a security interest attach?

Debtor has rights in the collateral Proper filing of a security agreement Value given by the creditor Yes Yes Yes Yes Yes No Yes No Yes No Yes Yes A. Row A B. Row B C. Row C D. Row D

Business

Rajiv kept forgetting to e-mail his family back home, even though he felt he should when he was on his computer every evening. Finally, his wife scanned in a photograph of his mother and father. Now, the photo will pop up every time he boots up

The first time Rajiv sees the photo, he goes right to his e-mail and sends his folks a quick message. Why does this occur? A) The photo created a wedge of doubt. B) The photo crystallized an attitude. C) The photo changed an attitude. D) The photo created new mental images.

Business