Planet corporation acquired 90 percent of saturn company’s voting shares of stock in 20x1. during 20x4, planet purchased 56,000 playday doghouses for $24 each and sold 41,000 of them to saturn for $30 each. saturn sold all of the doghouses to retail establishments prior to december 31, 20x4, for $45 each. both companies use perpetual inventory systems. required: a. prepare the journal entries planet recorded for the purchase of inventory and resale to saturn company in 20x4. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Government ownership and control of resources

True because folding a piece of paper is like reflecting one side of the fold through the fold.

Secure guards but not completely sure