Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. Securities held to maturity Unrealized holding gains and losses Impairment of securities available for sale Losses of investee Amortization of a patent that was obtained in a business acquisition A. Requires positive intent and ability. B. Reported in the income statement for trading securities. C. Requires recognition in the income statement if judged to be other than temporary. D. Reduces investment account under the equity method if its fair value is higher than its book value. E. Recognized only to the extent of carrying value under the equity method.

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a