You work for NCP, New Century Properties, in Portland, Oregon. Your employer specializes in commercial real estate. Yesterday one of your business tenants in the trendy NW 23rd neighborhood complained about problems with an iron gate you had installed by Castle Iron Works just six months earlier, on August 20. Apparently, the two doors of the gate have settled and don’t match in height. The gate gets stuck. It takes much force to open, close, and lock the gate. The iron gate was painted, and in some spots rust is bleeding onto the previously pristine white paint. The tenant at 921 NW 23rd Ave., Portland, OR 97210 is a petite shop owner, who complained to you about struggling with the gate at least twice a day when opening and closing her store.
You realize that you will have to contact the installer, Castle Iron Works, and request that the company inspect the gate and remedy the problem. Only six months have passed, and you recall that the warranty for the gate was for one year. To have a formal record of the claim, and because Castle Iron Works does not use e-mail, you decide to write a claim letter.

Answers

Answer 1

Solution :

To,

John Gordon,

Castle Iron Works,

256 NW Fox Street,

Portland

Date : 16th Feb 2021

Subject : NW 23rd neighborhood Iron Gate not working properly which is within warrantee period.

Dear Sir,

One of our tenant at 921 NW 23rd Avenue, Portland, or  97210 has complained about the iron gate that was installed by Castle Iron Works. The doors was installed on the 20th of August and so it is within warrantee period for a one year. Please find the enclosed herewith the copy of the invoice of the Castle Iron Works.

The customer had complaint that the two gates does not match in height and the owner is finding difficulty in closing and opening the gate. Also to mention , in some parts of the iron gate is seen with some rust bleeding.

Therefore you are requested to inspect the gate immediately and please provide remedy for the issue.

Thanking You

For NCP, New Century Properties

Portland, Oregon.

         


Related Questions

Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, and the goal is to complete by August 1 (in 17 weeks). The condominium manager identifed the renovation activities and their estimated time below.
a) Draw a project network. You may want to draw on paper then do it here by connecting the given nodes with arcs (i.e, arrows). You might not use all of the given arcs.
b) What are the critical activities?
c) What activity has the most slack time?
d) Will the project be completed by August 1?

Answers

Answer:

7

Explanation:

because

How does the practice of fractional reserve banking affect banks?
OA. It ensures that banks always have cash reserves equal to their
OB. It allows banks to keep only a small percentage of their deposits in
OC. It gives banks the freedom to change interest rates on loans at
total deposits.
reserve.
any time.
OD. It prevents banks from profiting off loans they provide with
deposited funds.

Answers

Answer:

It allows banks to keep only a small percentage of their deposits in reserve.

Explanation:

A fractional reserve system requires commercial banks to maintain only a percentage of their customer deposits at their custody at any time. It means that at any time, only a fraction of deposits will have physical cash backing. The commercial banks' regulator determines the fraction or percentage of deposits to be maintained.

The reserves maintained services to cater to regular and any abnormal withdrawals. Commercial banks usually loan out the other fraction to other customers. Reserves are also a monetary policy tool.

Answer:

Explanation:

It allows banks to keep only a small percentage of their

Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare tax will Peter and Joan owe with their 2021 income tax return?

Answers

Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.

What about the income tax return? The completion of a tax return is the documentation that determines the amount of income made by a person or corporation, the amount of taxes to be paid to the government or government agencies and, potentially, the amount of taxes to be returned to the taxpayer.Taxes are one of the key ways that the government generates revenue. Both direct and indirect taxes, which are included in both tax categories, generate tax income.

How it's calculated?

The given dat is,

Total taxable income=$240,000

Medicare tax=0.9%

Income tax return=(Total taxable income× Medicare tax)

=$240,000×0.9%

Income tax return=$2160.

Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.

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Explain in your what is the difference between a policy and a rule

Answers

Answer:

A policy tells you what needs to be done

A rule is something you must do

Explanation:

How does emotional intelligence contribute to job performance?

Answers

Answer:

Benefits of Emotional intelligence in the workplace

Greater motivation among staff to understand their own emotions and those of their colleagues. Healthy communication that produces common goals across the business. The workforce having a positive outlook when it comes to the job at hand.

Explanation:

Examples of emotional intelligence in action in the workplace include: Constructive feedback instead of personal criticism and challenging behaviors, not people. Supporting colleagues through recognizing their emotions and working to reduce stress. Keeping calm and productive under pressure

An ordinary annuity selling at $4,947.11 today promises to make equal payments at the end of each year for the next eight years (N). If the annuity’s appropriate interest rate (IN) remains at 6.50% during this time, the annual annuity payment (PMT) will be ________. You just won the lottery. Congratulations! The jackpot is $35,000,000, paid in eight equal annual payments. The first payment on the lottery jackpot will be made today. In present value terms, you really won ________ assuming annual interest rate of 6.50%.

Answers

Answer:

$812.49 and $28,369,687.5

Explanation:

Let us assume the annual payments be X

Sale of ordinary annuity = X × PVAF factor

$4,947.11 = X  × PVAF(6.5%, 8 years)

$4,947.11 = 6.0888 × X

X = $812.49

And,

The Present value is

Present value = Annual payments + Annual payments × PVAF factor

= $4,375,000 + $4,375,000 × PVAF(6.5%, 7 years)

= $4,375,000 + $4,375,000 × 5.4845

= $28,369,687.5

The $4,375,000 is come from

= $35,000,000 ÷ 8 years

= $4,375,000

Refer to the PVAF factor table

We simply applied the above formulas

Television viewers are passive viewers of ads whereas Internet users take an active role in choosing what to look at—so customers on the Internet are tougher for marketers to reach.”

Answers

The statement is generally true. Television viewers are often passive because they are not in control of the content they see. They are exposed to advertisements whether they want to be or not, and they may not even be paying attention to the ads that are shown.

On the other hand, Internet users have more control over the content they see. They can choose what websites to visit, what videos to watch, and what ads to see. This means that marketers have to work harder to reach Internet users and to get their attention. It can be more difficult to get Internet users to pay attention to advertisements because they are actively making choices about what to see and what to ignore.

Overall, television viewers are generally considered to be easier to reach with advertisements because they are passive viewers, while Internet users are considered to be tougher to reach because they are active users who have more control over the content they see.

What criteria do accountants use to decide whether to use present or future values in accounting statements?

Answers

Answer:

Present value is nothing but how much future sum of money worth today. It is one of the important concepts in finance and it is a basis for stock pricing, bond pricing, financial modeling, banking, and insurance, etc. Present value provides us with an estimated amount to be spent today to have an investment worth a certain amount of money at a specific point in the future. Present value is also called a discounted value. It is an indicator for investors that whatever money he will receive today can earn a return in the future. With the help of present value, method investors calculate the present value of a firm’s expected cash flow to decide if a stock is worth to invest today or not.

The formula for calculating PV is shown below

PV = CF/ (1+r)n

Here ‘CF’ is future cash flow, ‘r’ is a discounted rate of return and ‘n’ is the number of periods or year.

Example

Let’s say that you have been promised by someone that he will give you 10,000.00 Rs 5 year from today and interest rate is 8% so no we want to know what the present value of 10,000.00 Rs which you will receive in future so,

PV = 10,000/ (1+0.08)5

PV = 6805.83 (To the nearest Decimal)

So present-day value of Rs 10,000.00 is Rs 6805.83

Explanation:

Which tool is being currently used to provide ITPA solutions via CIAP?

Answers

There are different new upgrade in IT. tool is being currently used to provide ITPA solutions via CIAP is Ayehu NG

Ayehu NG is simply known to be a No-code IT Automation and Orchestration platform created especially for IT Operations. It is run by by machine learning algorithms,

It acts as a force multiplier, pushes efficiency via a simple and powerful automation platform. It can be used in on-premises and private and public cloud platforms.

As an intelligent IT Automation and Orchestration platform made  for the Digital Era, it has web 3.0 automation platform for IT and security operations.

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3 Distinguish between value and price and define consumer surplus.​

Answers

Answer:

Value is the benefit that a consumer could receive if they consume a certain type of goods or service. This value tend to be different between customers' situation.

Price is the amount of resources that the consumer need to sacrifice in order to obtain a certain type of goods or services.

The value of the products and services will determine the amount of money that the consumes willing to pay to acquire them. Most consumers are not willing to make a purchase if the price exceeds the perceived value.

A consumer surplus will occur if the amount of price that the consumers spend to purchase that goods is lower compared to the amount of price that they're willing to pay based on the value.

A solid business blank addresses a customers blank

Answers

A solid business plan addresses a customers needs and offers a solution.

What is business?

Generally, Business is an activity of providing goods and services in exchange for money. It includes all forms of trade conducted within a society, including bartering and exchange of services.

It is a major part of the economy and is an essential component of economic growth. Businesses can range from small, one-person operations to large, multi-national corporations.

The primary purpose of business is to create and provide goods and services to satisfy customers, generate profits, and create social value.

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Super Carpeting Inc. (SCI) just paid a dividend (Do) of $1.68 per share, and its annual dividend is
expected to grow at a constant rate (9) of 3.50% per year. If the required return (rs) on SCI's stock is
8.75%, then the intrinsic value of SCI's shares. .............................
per share.
Which of the following statements is true about the constant growth model?
с
The constant growth model can be used if a stock's expected constant growth rate is less than its
required return.
C
The constant growth model can be used if a stock's expected constant growth rate is more than
its required return.
Use the constant growth model to calculate the appropriate values to complete the following
statements about Super Carpeting Inc.:
• If SCI's stock is in equilibrium, the current expected dividend yield on the stock will
be..................per share.
• SCI's expected stock price one year from today will be........
...per share.
. If SCI's stock is in equilibrium, the current expected capital gains yield on SCI's stock will
be.............
....per share.

Answers

The constant growth model can be used if a stock's expected constant growth rate is less than its required return. So, the correct answer is option a.

Dividends (D1) For next period = D1 (1 + g)

= 1.65 x(1.035)

= 1.7388

P0 = (Div1 )/(r - g)

= 1.7388

= .0875- .35

= $33.12 per share

Div 1 = Dividend for next period

r = required rate of return

g = growth rate of dividend

A dividend is the payment of business profits to qualified shareholders.

The board of directors of an organisation decides on dividend distributions and quantities.

When expressed as a percentage of a company's stock price, the dividend yield is the dividend paid out per share.

Many businesses save their profits to reinvest in the business rather than paying dividends.

Shareholders with voting rights must approve dividends. Although they are less prevalent, dividends can also be distributed as stock shares.

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The opportunity cost of making a component part in a factory with no excess capacity is the: (CMA adapted)

Answers

Answer:

Answer Choices

The opportunity cost of making a component part in a factory with no excess capacity is the

(A) Variable manufacturing cost of the component.

(B)  Fixed manufacturing cost of the component.

(C)  Cost of the production given up in order to manufacture the component.

(D)  Net benefit given up from the best alternative use of the capacity.

Answer is D

Net benefit given up from the best alternative use of the capacity.

Explanation:

When we talk about opportunity cost, we simply look at the potential benefits a business, investor or person could miss when selecting a particular alternative over another. This is a major concept in economics.

If one is not careful, opportunity costs can be readily overlooked and when one tries to understand the missed opportunities in choosing one option over another, that individual would be able to make better decisions.  

Do you think being charitable can be taught?

Answers

Answer:

Yes, I feel like anyone can be taught what charitable means and what it is. Its all about helping..and anyone could learn that without being taught

Explanation:

Backcountry Adventures is a Colorado-based outdoor travel agent that operates a series of backcountry huts. Currently, the value of the firm is 3.5$ million. But profits will depend on the amount of snowfall: If it is a good year, the firm will be worth 5 $ million, and if it is a bad year it will be worth 2.5$ million. Suppose managers always keep the debt to equity ratio of the firm at 25% and the debt is riskless.
Calculate the percentage change in the value of the​ firm, its equity and its debt once the level of snowfall is​ revealed, but before the firm adjusts the debt level to achieve its target debt to equity ratio. The inital amount of debt is equal to 0.74 and equity 2.96
PLEASE FILL OUT THE TABLE AND PROVIDE PRECISE CALCULATIONS
Good state Bad state
Change in firm value 42.86% -28.57%
Change in equity value
Change in debt value

Answers

Answer:

                                               Good state                Bad state

Change in firm value                  42.86%                   -28.57%

Change in equity value              26.69%                   -36.66%

Change in debt value                 68.91%                    -15.54%

Explanation:

The following are given in the question:

Current firm value = $3.5 million

Firm value in good state = $5 million

Firm value in bad state = $2.5 million

Initial debt amount = $0.74 million

Initial equity amount = $2.96 million

Percentage of debt finance = debt to equity ratio = 25%

Percentage of equity finance = 1 - debt to equity ratio = 100% - 25% = 75%

We can therefore calculate as follows:

Percentage change in firm value in good state = [(Firm value in good state - Current firm value) / Current firm value] * 100 = ((5 - 3.5) / 3.5) * 100 = (1.5 / 3.5) * 100 = 42.86%

Percentage change in firm value in bad state = [(Firm value in bad state - Current firm value) / Current firm value] * 100 = ((2.5 - 3.5) / 3.5) * 100 = (-1.00 / 3.5) * 100 = -28.57%

Equity amount in good state = Firm value in good state * Percentage of equity finance = $5 million * 75% = $3.75 million

Percentage change in equity in good state = [(Equity amount in good state - Initial equity amount) / Initial equity amount] * 100 = ((3.75 - 2.96) / 2.96) * 100 = (0.79 / 2.96) * 100 = 26.69%

Equity amount in bad state = Firm value in bad state * Percentage of equity finance = $2.5 million * 75% = $1.875 million

Percentage change in equity in bad state = [(Equity amount in bad state - Initial equity amount) / Initial equity amount] * 100 = ((1.875 - 2.96) / 2.96) * 100 =  (-1.085 / 2.96) * 100 = -36.66%

Debt amount in good state = Firm value in good state * Percentage of debt finance = $5 million * 25% = $1.25 million

Percentage change in debt in good state = [(Debt amount in good state - Initial debt amount) / Initial debt amount] * 100 = ((1.25 - 0.74) / 0.74) * 100 = (0.51 / 0.74) * 100 = 68.91%

Debt amount in bad state = Firm value in bad state * Percentage of debt finance = $2.5 million * 25% = $0.625 million

Percentage change in debt in bad state = [(Debt amount in bad state - Initial debt amount) / Initial debt amount] * 100 = ((0.625 - 0.74) / 0.74) * 100 = (-0.115 / 0.74) * 100 = -15.54%

Simon finds a spelling mistake in his business document. One of his words has an extra "s" in it. He should _____.

Answers

Answer:

Explanation:C) Move the cursor just after the mistake and press backspace

The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $35500. Accounts receivable and inventories increased by $2100 and $7900, respectively. Prepaid expenses and accounts payable decreased by $1900 and $12500 respectively. How much cash was provided by operating activities?

Answers

Answer:

$226,900

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased

Let plug in the formula

Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500

Operating activities =$226,900

Therefore The Amount of cash that was provided by operating activities is $226,900

cash withdraw from bank for personal use​

Answers

Answer:

?

Explanation:

Answer:

I'm not sure what you're trying to imply here. I'll assume your question is based on accounting. In this case, your definition matches with Cash drawings.

Stay safe and Merry Christmas! :)

A misconception is a misunderstanding.
O True
False

Answers

The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.

It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.

Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.

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The negative impact of HIV/AIDS in the workplace​

Answers

HIV/AIDS has a significant negative impact on the workplace in several ways. Firstly, the illness can lead to absenteeism and decreased productivity as employees take time off work to receive treatment and care for their condition.

This can be particularly damaging in industries where staffing levels are critical, such as healthcare or emergency services. Additionally, the stigma associated with HIV/AIDS can result in discrimination against affected employees, which can lead to further absenteeism and decreased productivity. This discrimination can also result in the loss of skilled employees who are forced to leave their jobs due to discrimination.

Furthermore, the cost of providing medical and disability benefits to affected employees can be high, leading to financial strain on companies. This can also lead to increased healthcare costs and insurance premiums for other employees. Finally, the negative impact of HIV/AIDS on workplace morale and relationships cannot be overlooked.

Fear, misunderstanding, and discrimination can lead to a toxic workplace environment, which can impact the mental health and well-being of all employees. It is important for employers to prioritize education, prevention, and support for affected employees in order to mitigate the negative impact of HIV/AIDS in the workplace.

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Help Help!~ I will give brainliest to the first correct & honest answer!

Beekeeping has become a focus of Jacinta’s life. She understands that bees are fast disappearing and works hard to keep her hives healthy and productive. The Agriculture, Food, and Natural Resource pathway Jacinta works in is _____.

a). Agribusiness Systems

b). Food Products & Processing Systems

c). Animal Systems

d). Natural Resources Systems

Answers

Answer:

Explanation: B Food Products & Processing Systems

Answer:

I think it is Food products and Processing systems

what does working capital management encompasses? what functional are involved and what underlying principle or trade-off influences the decision process?

Answers

Answer: Working capital management involves monitoring of cash flow, current assets, and current liabilities.

It's main function is to ensure that business's day-to-day operational expenses are met with positive/maintained cashflow statements.

Influences that has an effect in decision making in Working Capital Management -

Type of Business- Businesses having higher operations or their main core business is their operating activities like Food Delivery Companies, Online Cab Booking companies. Their CASH BURNING ratio is higher.

Production Technique- If they are sourcing raw material from anywhere and rest whole process of production are done by them than their operational cost will be higher. Example- A Ready made Cloth manufacturing company that only sources cotton, silk or any other material from farmer and rest all processes like spinning, weaving, dying etc are done by them than their Working Capital Management should be strong to avoid both wastage of Resources and Money.

Economical changes- Periods of BOOM & DEPRESSION effects decision making a lot. As Organisations have to preserve or burn the working capital as per ma    

Explanation:

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code

Answers

The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items.

In QuickBooks Online Accountant, the "Batch Reclassify Transactions" tool can be used to reclassify the following four items:

1. Classes: The Batch Reclassify Transactions tool allows you to reclassify transactions based on their assigned classes. You can select a range of transactions and update the class assignment in bulk, which is useful for correcting any misclassifications or for making changes to your class structure.

2. Customers: With the Batch Reclassify Transactions tool, you can also reclassify transactions based on the customer associated with them. This is helpful when you need to make changes to the customer assignments for a group of transactions, ensuring accurate reporting and tracking of sales and expenses.

3. Products and Services: The Batch Reclassify Transactions tool enables you to reclassify transactions based on the products and services involved. By selecting a range of transactions, you can update the product or service assignment in bulk, allowing you to correct any misclassifications or make changes to your product and service categorizations.

4. Tax Code: The Batch Reclassify Transactions tool can be used to reclassify transactions based on their assigned tax codes. This feature is particularly useful when there are changes to tax regulations or when transactions have been mistakenly assigned incorrect tax codes. By selecting the transactions and updating their tax code in bulk, you can ensure accurate tax reporting and compliance.

The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items, helping to maintain accurate financial records and ensure proper reporting and analysis of your business's data.

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Giả sử người têu dùng có 1 khoảng thu nhập 100 đồng để mua kẹo (K) và bánh (B),biết giá kẹo là 10,giá bánh là 20.

TU=2KB, vẽ đường đẳng ích có mức hữu dụng là 10 và 20

Answers

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░░░░░░░▀███▀█░▄░░ Help Bob
░░░░░░▐▌▀▄▀▄▀▐▄░░ take over
░░░░░░▐▀░░░░░░▐▌░░ brainly.
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Copy and paste to help Bob.
We can do it together! ░░░░░▐▀█▀▌░░░░▀█▄░░░
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░░░▌░▄▄▄▐▌▀▀▀░░ Dis is Bob
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░░░░░░░▀███▀█░▄░░ Help Bob
░░░░░░▐▌▀▄▀▄▀▐▄░░ take over
░░░░░░▐▀░░░░░░▐▌░░ brainly.
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Copy and paste to help Bob.
We can do it together!

What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions

Answers

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

To help audiences understand large amounts of information, which visuals are the most suitable?

Answers

different between isoquant and isocost

Which lists the amount of education required for the Transportation and Logistics careers from least to greatest?

Brownfield Redevelopment Specialists, Ship Loaders, Aviation Inspectors
Transportation Planners, Diesel Engine Specialists, Freight Forwarders
Bicycle Repairers, Airline Pilots, Tank Loaders
Taxi Drivers, Aircraft Mechanics,Traffic Technicians

Answers

Answer:

It's D)

Explanation:

Taxi Drivers have bare minimum degrees, Aircraft Mechanics have associates or Bachelors, and Traffic Technicians have Bachelors or higher degrees.

Hope this helped! :D

Answer:

D

Explanation:

Im completly not sure but Im 99 %

g Assume you just purchased 100 shares of Apple stocks at $300. You are worrying that the competition from other tablet PC and smart phone producers will have a negative impact on Apple stock prices in 1 month. Generally speaking, you are still quite bullish on Apple stock. In order to hedge against this downside risk, you establish a protective put position by buying a put option contract with around 1-month maturity on Apple stock. However, the premium of the put option with strike price at $300 is $12, which is quite expensive. If you feel purchasing the put option with strike price at $300 and $12 premium is too expensive, what else can we do to reduce the cost of protective put position

Answers

Answer:

Buy at a lower strike put option or sell at a higher call option

Explanation:

100 shares of apple stock bought at $300

premium of put option ( cost ) = $12

Put option = $300

What can be done to reduce the cost of protective put position

To reduce the cost we can either buy at a lower strike put option or sell at a higher call option

Buying at a lower strike put option price ( < $300 )

This way premium will be reduced but this will not hedge against small fall in price

Sell at a higher call option

This way the premium charged will be reduced but if the price rises above the entry price on expiration then the gains made above the price will be foregone .

In the context of automation strategy, what is a Center of Excellence?

Answers

includes the people, processes, and technology necessary to maximize the benefits of automation, including robotic process automation. It is crucial to finding new automation opportunities, scaling your automation within the organization, and carrying out a long-term vision

On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company for $440,000. For the year ended December 31, Fain Company earned income of $114,000 and paid dividends of $35,000. Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.

Answers

Answer:

1. Jan 2 Dr Investment in Fain company stock$440,000

Cr Cash $440,000

2. Dec 31 Dr Investment in Fain company stock 33,060

Cr Income of Fain company 33,060

3. Dec 31 Dr Cash $10,150

Cr Investment in Fain company stock $10,150

Explanation:

Preparation of the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.

1.Preparation of the entries for Yorkshire Company for the purchase of the stock

Jan 2 Dr Investment in Fain stock$440,000

Cr Cash $440,000

2. Preparation of The journal entry for the share of Fain income

Dec 31 Dr Investment in Fain stock 33,060

Cr Income of Fain company 33,060

(29%* $114,000)

3. Preparation of the journal entry for the dividends received from Fain Company.

Dec 31 Dr Cash $10,150

Cr Investment in Fain company stock $10,150

(29%$35,000)

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