Which of the following is the knowledge of language rules that underlie speech?

Children with disorders have difficulty understanding or applying the language rules that underlie speech.

Today, the two most prevalent types of broadband residential access are digital subscriber line (DSL) and fiber to the home (FFTH).

Question 2.  Benmont Corporation (“the Company”) started operations on January 1, 2018, and has used the average-cost method of inventory valuation since its inception. At the beginning of 2023, the Company decides to switch to the FIFO method. The Company determined its net income for each year since 2018 as follows (ignore all tax effects):   Net Income Year Average-Cost FIFO Difference 2018 53,000 68,000 15,000 2019 81,000 92,000 11,000 2020 95,000 82,000 (13,000) 2021 74,000 78,000 4,000 2022 99,000 91,000 (8,000) 2023 87,000 94,000 7,000 The Company is publicly traded and as a result, is required to disclose the two most recent prior years’ information along with the current year within its comparative income statement and statement of retained earnings. Required: (9 Points) Provide your answers below related to the fact pattern for Benmont Corporation:

Required: Part 3(a) (16 Points) Prepare the journal entry to reflect all of the pension plan transactions and events that occurred during 2023. As a general rounding rule, if required, round final answers to the nearest whole dollar. Pension Journal Entry for 2023: Account Debit Credit  

The Jackson 5, Inc. is comprised of the following five profit centers. The following information is available for each profit center for the current year: Profit Centers Sales to Nonaffiliates Intersegment Sales Operating Profit (Loss) Identifiable Assets A $ 1,000 $ 3,000 ($ 5,300) $ 24,000 B 95,000 10,000 4,000 169,000 C 12,000 1,000 (3,100) 18,000 D 9,000 – 2,900 97,000 E 25,000 – 23,200 32,000 Total 142,000 14,000 21,700 340,000   Each profit center represents an individual operating segment, except for B and C, which together represent operating segment BC. Intersegment sales are distributed as follows: All of A’s intersegment sales were to B. 30% of B’s intersegment sales were to D; the remainder was to C. All of C’s intersegment sales were to B. Under the operating profit (loss) test, how many of the five profit centers would be included in a reportable segment? For the purposes of this question, disregard the combined revenue test.

On January 1, 2020, The Sweet Corporation issued 600, 7% bonds with a face value of $1,000 each at par. The bonds mature on January 1, 2030 and pay interest semiannually on July 1 and January 1. Each bond is convertible into 30 shares of the Company’s $10 par common stock. In 2023, the Company wishes to reduce its interest costs and offers an incentive to bondholders whereby the Company will pay $45 cash for each bond converted in 2023. On December 31, 2023, 400 of the 600 bonds are converted when the market price of the Company’s common stock is $52 per share. Upon conversion, what amount is recorded to Additional Paid-In Capital – Common Stock?

Part 2: Free Response – Troubled-Debt Restructuring (20 Points) On December 31, 2023, E. Money Bank (“the Bank”) enters into a debt restructuring agreement with Ronnie Spector Company (“the Company”), which is experiencing financial difficulties. The Company currently owes $7,000,000 plus $90,000 of accrued interest. The note was originally issued at par with a stated rate of 8% with interest payable annually on December 31. The present market rate for a loan of this nature is 12%. The Bank agrees to restructure the note with the following modifications: Reducing the principal by $400,000 and forgiving all of the accrued interest. Extending the maturity date from December 31, 2023 to December 31, 2025. Reducing the stated interest rate from 8% to 6%, payable annually on December 31. Required: Record any required journal entries on December 31, 2023; December 31, 2024; and December 31, 2025 for BOTH Ronnie Spector Company and E. Money Bank. Record your final entries in the provided spaces beginning on the next page. If no journal entry is required, write “no journal entry is required” – DO NOT LEAVE BLANK. If required, round percentages to the second decimal (e.g. 5.75%) and final answers to the nearest whole dollar.

(b) (4 Points) For each of the following independent situations, prepare the journal entry that the Company would have instead recorded on December 31, 2024 (related only to the fair value of the investment) if the investment had originally been classified as follows rather than as available-for-sale. If no journal entry is required in any of the situations, write “no journal entry is required” – DO NOT LEAVE BLANK.

REO Speedwagon Corporation chooses to use the fair value option to value bonds that it issued at face value earlier in the year. At the end of the year, the Company recorded an unrealized holding gain through other comprehensive income. Using this limited fact pattern, what can be concluded about how the fair value of the debt and the Company’s credit rating changed over the year?