Joe Ltd. has a single investment that it accounts for using…

Joe Ltd. has a single investment that it accounts for using FV-OCI. The carrying value of the investment at the last reporting period (May 31) was $72,500. To date, $2,500 of unrealized gains on fair value adjustments have been recorded to other comprehensive income. The original cost of the investment is $70,000. On June 15, when the market value of the investment was $75,000, Joe sold the investment.  Required: Using the three-step approach, record the sale and reclassification (recycling) entry at June 15, assuming the investment is an equity investment and the company reclassifies gains or losses to Retained Earnings on disposition of the investment. Note: Extra rows have been provided in the template below for spacing.  If you are recording an entry through the Statement of Income and Other Comprehensive Income, indicate if the account flows through net income (NI) or Other Comprehensive Income (OCI) to get full marks.

Assuming the same bond investment from the previous question…

Assuming the same bond investment from the previous question but Fan now reports under ASPE and uses the straight line method of discount/premium amortization. On January 1, 2023, Fan Corp. (Fan) acquires $300,000 of Spy Inc. 9% bonds at a price of $278,384. The interest is payable each December 31, and the bonds mature on December 31, 2025. The investment will provide Fan with a 12% yield. Fan applies ASPE (straight line method), accounts for this investment using the amortized cost model and needs to record the required transactions listed below. Bond Details Date Cash Received Interest Revenue Discount Amortization Carrying Value 01-Jan-23       $278,384 31-Dec-23 $27,000 $33,406 $6,406   284,790 31-Dec-24 27,000 34,175 7,175   291,965 31-Dec-25 27,000 35,035 8,035   300,000 Additionally, the fair value of the bonds is $280,500 at December 31, 2023, $290,000 at December 31, 2024 and $300,000 at December 31, 2025. Required: a) Prepare the journal entry to record interest received on December 31, 2025. (4 marks) b) Why might an organization choose to use the straight line method instead of the effective interest method? (1 mark)

Matt is a 44 year old Hispanic male who was diagnosed with H…

Matt is a 44 year old Hispanic male who was diagnosed with HIV 15 years ago. He has been on regular ART medication but has been hospitalized several times over the past 3 years with various infections. He has now been diagnosed with HIV related cancer. He has begun chemotherapy treatment. Matt is complaining of many GI side effects, fatigue and weight loss.Medical Profile:Admission weight 162 lbs. (BMI 16)Previous weight from 1 month ago 176 lbs. (BMI 18.2)Appetite: PoorNutrition history: Lactose intolerance; GERDReferring to the information from the above scenario, complete questions 95-100________________________________________________________Based on Matt’s nutritional history, which food group should be eliminated from his diet?