Santos Corporation Has the Following Trading Portfolio of Stock Investments

question 8

Essay

Santos Corporation has the following trading portfolio of stock investments as of December 31, 2013. $\begin{array}{rrr} \text { Security }& \text { Cost } & \text { Fair Value } \\\mathrm{A} & \$ 17,000 & \$ 16,000 \\\mathrm{~B} & 23,000 & 25,000 \\\mathrm{C} & 32,000 & 28,000\\&\$72,000&\$69,000\end{array}$ On January 22, 2014, Santos Corporation sold security C for $30,000.
Instructions
(a) Prepare the adjusting entry for Santos Corporation on December 31, 2013 to report the portfolio at fair value.
(b) Indicate the balance sheet and income statement presentation of the fair value data for the Santos Corporation at December 31, 2013.
(c) Prepare the journal entry for the 2014 sale.

Appreciate the importance of confidence and advocacy in enhancing patient care and interactions.

Understand the roles and educational pathways of different nursing professionals.

Identify the specific functions and duties of various allied health professionals.

Recognize and differentiate between various medical specialists and their fields of expertise.

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Definitions:

Multinational Corporations

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Ethnocentric

a belief in or assumption of the superiority of the cultural or ethnic group one belongs to.

Geocentric Attitudes

A worldview that considers all cultures as potentially valuable and seeks to integrate diverse perspectives in a global context.

Cultural Intelligence

The capability to function effectively in culturally diverse settings, understanding and adapting to cultural differences.