Question

Can someone verify if these answers are correct?

2) CİİA Co. depenited S1 000 in a special fund bewinningin lansary 2014, and willdepont an equal annount at the beginning of each quarter through 2016 (3 years in mual) The fund earns 8% compounded quarterly The fiand halance at the end of 2016 will b a) $40,236 b) $47,04 544,04 d)541,04 &) xYz Cop owned available for sale securities which cost $20,000. At 1/4, the market adjustment axcount had a debit halance of $3,000 As 12/31/14, the market value of the securities was 518.00 3) In 2014, XYZ Corp had a) $2,000 unrealized loss )$2,000 unrealized gain b) 55,000 unrealized loss 55,000 unrealized gain 4) How was year 2014 net income affected by the change in the value of the investment a) It increased by $5,000 e) It decreased by s5,000 t decreased by $2,000 d)It was not affected

Answer 1

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All the answers are absolutely correct.

No 2. d

No 3. b

No 4. d