During the course of your examination of the financial statements of trojan corporation for the year ended december 31, 2018, you come across several items needing further consideration. currently, net income is $100,000.

a. an insurance policy covering 12 months was purchased on october 1, 2018 for $24,000. the entire amount was debited to prepaid insurance and no adjusting entry was made for this item in 2018.

b. during 2018, the company received a $4,000 cash advance from a customer for services to be performed in 2019. the $4,000 was incorrectly credited to service revenue.

c. there were no supplies listed in the balance sheet under assets. however, you discover that supplies costing $2,750 were on hand at december 31, 2018.

d. trojan borrowed $70,000 from a local bank on september 1, 2018. principal & interest at 9% will be paid on august 31, 2019. no accrual was made for interest in 2018.

using the information in a through d above, determine the proper amount of net income as of december 31, 2018.

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading

Ticker services began operations in 2015 and maintains long-term investments in available-for-sale securities. the year-end cost and fair values for its portfolio of these investments follow. portfolio of available-for-sale securities cost fair valuedecember 31, 2015 $ 369,060 $ 357,988 december 31, 2016 420,728 445,972 december 31, 2017 572,190 676,901 december 31, 2018 864,007 768,966 prepare journal entries to record each year-end fair value adjustment for these securities. calculation adjustment required to fair value adjustment.12/31/15 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/16 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/17 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/18 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) record the year-end adjusting entry for the securities portfolio as of december 31, 2015.date general journal debit creditdec 31, 2015 record the year-end adjusting entry for the securities portfolio as of december 31, 2016.date general journal debit creditdec 31, 2016 record the year-end adjusting entry for the securities portfolio as of december 31, 2017.date general journal debit creditdec 31, 2017 record the year-end adjusting entry for the securities portfolio as of december 31, 2018.date general journal debit creditdec 31, 2018