Fair value journal entries, trading investments gruden bancorp inc. purchased a portfolio of trading securities during year 1. the cost and fair value of this portfolio on december 31, year 1, was as follows: name number of shares total cost total fair value griffin inc. 1,600 $40,000 $44,800 luck company 1,250 37,500 33,750 wilson company 1,000 40,000 37,000 total $117,500 $115,550 on may 10, year 2, gruden bancorp inc. purchased 1,200 shares of carroll inc. at $29 per share plus a $100 brokerage commission. provide the journal entries to record the following: a. the adjustment of the trading security portfolio to fair value on december 31, year 1. year 1, dec. 31 b. the may 10, year 2, purchase of carroll inc. stock. year 2, may 10

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing