In preparing the consolidated financial statements of the group controlled by Portia Ltd for the year ended 30 June 20X6,a fair value gain on available-for-sale financial assets would appear:
A) in the consolidated statement of changes in equity. B) on the consolidated balance sheet. C) in the consolidated statement of comprehensive income. D) only in the notes to the consolidated financial statements.
Compared to the trait approach,the situational approach ______.
A) suggests leaders need to be fluid not fixed B) is descriptive in nature, making them similar C) defines the key characteristics leaders need to navigate all situations D) views leader openness as more important than intelligence
The classical economists believed all of the following,except
A) demand creates its own supply. B) the quantity of money people wanted to save and invest affected interest rates. C) recessions are temporary. D) wages and prices are both downwardly flexible.
The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $4,100.