Use the Following Information for Questions

question 49

Short Answer

Use the following information for questions
On January 1, 2021, Marianne Corp.purchased $50,000, of Robin Ltd.'s 4%, 10-year bonds for $48,000, since the market interest rate was approximately 4.5%.The bonds pay interest on January 1 and July 1.Marianne has a calendar year end, and classified the bonds as long-term investments.The fair value on December 31, 2021 was $48,500.Marianne sold the bonds on January 2, 2022 for $48,500.
-The entry to adjust to fair value on December 31, 2021 is

---

Definitions:

Controllable Costs

Costs that can be influenced or controlled by a specific manager or department within an organization.

Unfavorable Controllable Margin

A financial metric indicating that costs or expenses have exceeded budgeted amounts within a manager's control, negatively impacting profitability.

Cost Over Budget

The amount by which actual spending exceeds the planned or budgeted amount.

Sales Exceeding Budget

This indicates a financial scenario where actual sales revenue surpasses the projected figures in the budget, often viewed positively as it suggests higher profitability.