Jones Company Has Notes Receivable That Have a Fair Value

question 62

Short Answer

Jones Company has notes receivable that have a fair value of $570,000 and a carrying amount of $750,000. Jones decides on December 31, 2014, to use the fair value option for these recently-acquired receivables. Which of the following entries will be made on December 31, 2014 to record the unrealized holding gain/loss?

Understand the role of heredity and environment in individual development.

Recognize the structure and function of DNA, chromosomes, and genes in heredity.

Understand the impact of genetic disorders on lifespan and quality of life.

Learn about the physiological and genetic aspects of reproduction.

---

Definitions:

Biological Traits

Characteristics or features of organisms that are inherited from their parents and can influence their survival and reproduction.

Gender

In psychology, the socially influenced characteristics by which people define boy, girl, man, and woman.

Social Relationships

Connections or associations between two or more individuals, shaped by social interactions and emotional bonds.

Relational Aggression

A type of aggression in which harm is caused through damage to relationships or social status rather than physical violence.