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1 year ago

Publications reporting total return data for an investment should use the recommended reporting period of:______.

1 answer:

8 0

Publications reporting total return data for investment should use the recommended reporting period of 1 year, 5 years, and the lesser of 10 years of the life of the investment

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Time deposits are primarily investments in banks. A fixed interest rate is paid and the original investment funds are returned to the depositor at maturity. Example: Mr. B deposited her $1 million in her XY bank. XY Bank pays interest at 10% per annum.

Investments generally fall into three main categories: stocks, bonds, and cash equivalents. Each bucket has different types of investments. Here are six types of investments you can consider for long-term growth and what you need to know about each.

Learn more about investment here

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Pharoah Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $384,900 and are paid on

Keith_Richards [23]

Answer: Pharaohs journal $

Date

December 31, 2017

StaffBonusexpensesDr384,900

Accruede liability Cr384,900

Narration. Staff bonus due as at date.

February 15,2018

Accrued liability Dr 384, 900

Bank Cr. 384,900

Narration. Payment of staff bonus due

Explanation:

In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.

The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.

5 0

3 years ago

An officer participates in litigation against the CPA firm. This is an example of which type of threat to compliance with which

Shkiper50 [21]

Answer: An officer participates in litigation against the CPA firm. This is an example of Adverse interest.

<u>Explanation:</u>

This is an example of Adverse interest. Adverse here means against the interest of others. This type of interest in mostly found in case of property disputes. Like if a person has illegally occupied someone else's property than his interest in that property will be adverse the interest of the real owner of that property.

Similarly here an officer is participating in legal action against CPA firm,The interest of an officer will be an adverse.

7 0

4 years ago

What challenges do immigrants face when arriving in the united states?

Zielflug [23.3K]

<span>They have difficulty in speaking English. Most immigrants arriving in the United States came from the non-English speaking countries. With limited to no understanding of the language, it is difficult for them to interact and associate with other people. However, as time goes by, most tend to slowly adapt to their sorroundings and learn English.</span>

4 0

3 years ago

For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,800 for six months of insurance c

Lunna [17]

Answer:

a. Date Account Title and Explanation Debit Credit

Insurance Expenses $2,800

Prepaid Insurance $2,800

(To record 6-month Insurance coverage expired)

b. Date Account Title and Explanation Debit Credit

Supplies Expenses $10,200

Supplies $10,200

(8,200 +3,600 - 1,600)

(To record supplies consumed during the year)

3 0

3 years ago

Poppy Co. uses a periodic inventory system. Beginning inventory on January 1 was understated by $30,200, and its ending inventor

svp [43]

Answer:

the cost of goods sold is $34,460 understated

Explanation:

The computation of the cost of goods sold is shown below

Let us assume the cost of goods sold be X - Y

X + $30,200 + ($21,400 - $2,140) = Y + $15,400

X + $49,460 = Y + $15,000

X - Y = $49,460 - $15,000

X - Y = $34,460

Hence, the cost of goods is $34,460

Since both the ending and opening inventory are understated so the cost of goods sold is also understated

Therefore the cost of goods sold is $34,460 understated

7 0

3 years ago