On December 21, 2020, Sage Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading) Cost Fair Value Unrealized Gain (Loss) Clemson Corp. stock $20,400 $19,300 $(1,100 ) Colorado Co. stock 10,900 9,800 (1,100 ) Buffaloes Co. stock 20,400 20,990 590 Total of portfolio $51,700 $50,090 (1,610 ) Previous fair value adjustment balance 0 Fair value adjustment—Cr. $(1,610 ) During 2021, Colorado Co. stock was sold for $10,350. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$19,390; Buffaloes Co. stock—$20,900. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. (c) Prepare the adjusting journal entry needed on December 31, 2021.

(a) Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income$1,610

Cr Fair value adjustment $1,610

(b) During 2021

DrCash$10,350

Dr Loss on sale of investment$550

Cr Equity Investment (trading) $10,900

(c) Dec. 31, 2021

Dr Fair value Adjustment$1,100

Cr Unrealized Holding gain or loss - Income $1,100

Explanation:

(a) Preparation of the adjusting journal entry needed on December 31, 2020

Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income$1,610

Cr Fair value adjustment $1,610

(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2021

During 2021

DrCash$10,350

Dr Loss on sale of investment$550

($10,900-$10,350)

Cr Equity Investment (trading) $10,900

(c) Preparation of the adjusting journal entry needed on December 31, 2021

Dec. 31, 2021

Dr Fair value Adjustment$1,100

Cr Unrealized Holding gain or loss - Income $1,100

Calculation for Fair value Adjustment

CostFVProfit Unrealized Gain (Loss)

Clemson Corp. stock $20,400-$19,390=$1,010

Buffaloes Co. stock $20,400-$20,900=-$500

Total portfolio $40,800 $40,290 ($510)

Previous Fair value adjustment $1,610

Unrealized Holding Gain $1,100

($1,100-$510)

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

answer(b) partnership';