On December 21, 2020, Sheridan Company provided you with the following information regarding its equity investments. December 31, 2020
Investments (Trading) Cost Fair Value Unrealized Gain (Loss)
Clemson Corp. stock $18,700 $17,600 $(1,100 )
Colorado Co. stock 9,200 8,300 (900 )
Buffaloes Co. stock 18,700 19,240 540
Total of portfolio $46,600 $45,140 (1,460 )
Previous fair value adjustment balance 0
Fair value adjustment—Cr. $(1,460 )

During 2021, Colorado Co. stock was sold for $8,770. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$17,690; Buffaloes Co. stock—$19,130. None of the equity investments result in significant influence.

Required:
a. Prepare the adjusting journal entry needed on December 31, 2020.
b. Prepare the journal entry to record the sale of the Colorado Co. stock during 2021.
c. Prepare the adjusting journal entry needed on December 31, 2021.

What comprises a list of main points and sub-points of a topic to include in a presentation

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.