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2 years ago

The economic growth demonstrated by this recruitment letter was primarily a result of —.

Business

1 answer:

Lorico [155]2 years ago

4 0

The economic growth in the recruitment letter was demonstrated as a result of industrial production.

<h3>What is economic growth?</h3>

A stable uplift in the economic conditions, in comparison to the previous economic period(s), is regarded as an economic growth. It is driven by many external factors.

In the recruitment letter, it was found that the increase in the industrial productivity led to extreme economic growth in the United States of America.

Hence, the reasons for the economic growth have been aforementioned.

Learn more about economic growth here:

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3 years ago

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4 years ago

Sheet Company reported the following net income and dividends for the years indicated: Year Net Income Dividends 20X5 $ 35,000 $

Archy [21]

Answer:

A. $211,800

B. $282,400

C. $70,600

D. $ 86,600

Explanation:

A. Calculation for the amount that True pay when it purchased Exacto’s shares

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Cumulative earnings since acquisition$110,000

Less Cumulative dividends since acquisition(46,000)

Total$64,000

($110,000-46,000)

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=Total amount debited to Investment account(48,000)

(64,000*0.75)

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($259,800-$48,000)

B. Calculation for the fair value of Exacto’s net assets on January 1, 20X5

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÷True Corp.’s percentage 0.75

=Fair Value of Exacto Company’s Net Assets$282,400

($211,800÷0.75)

C. Calculation for What amount was assigned to the NCI shareholders on January 1, 20X5

Fair Value of Exacto Company’s Net Asset$282,400

×Exacto Company’s percentagex0.25

=NCI’s portion$70,600

($282,400×0.25)

D. Calculation forWhat amount will be assigned to the NCI shareholders

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True Corp’s percentage÷0.75

=Fair Value of Exacto’s Net Assets 20X7 $346,400

×Exacto Company’s percentage 0.25

=NCI’s Portion, December 31, 20X7$ 86,600

($346,400×0.25)

5 0

3 years ago