Skyline, Inc. purchased a portfolio of trading securities during the current fiscal year. The cost and fair value of this portfolio on December 31 were as follows: Name Number of Shares Total Cost Total Fair Value Alcon, Inc. 1,200 $16,000 $15,000 Easton Company 700 23,000 21,500 Panther Company 300 9,000 9,200 Total $48,000 $45,700 Required: a. Provide the journal entry to record the adjustment of the trading security portfolio to fair value on December 31. Refer to the Chart of Accounts for exact wording of account titles. b. Where will the information from the journal entry be reported on the financial statements

Burnley and co., a graphic design firm, has offices in new york, texas, california, new mexico, and new jersey. each of these offices is headed by a president who reports directly to emma burnley, the ceo. the heads of the centralized hr, finance, and marketing teams report to emma burnley as well. managers in the various offices also report to the ceo directly. based on this information, which of the following statements is most likely to be true? a) emma burnley has a wide span of control. b) burnley and co. has a tall hierarchical structure. c) emma burnley is underworked. d) burnley and co. is a mechanistic organization.