Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
Answer:
A.) The Truth in Lending Act calls for consumers to be protected on all levels, whereas the Consumer Credit Protection Act only calls for consumer protection in regard to banking and lending.
Explanation:
HOPE IT HELPS YOU
Answer:
D
Explanation:
Outsourcing refers to a practice where a firm seeks out an external party to provide services that would have otherwise been provided by staff of the firm. Here a customer assistance center in India is contracted. One of the advantages of outsourcing is that it results in cost savings.
However, confidentiality of company information could be compromised via outsourcing, and competitors could have access to trade secrets of such firms.
Answer:
$21,370.1071
Explanation:
The computation of the present value of this perpetuity is shown below:
= The present value after five years + present value on the date of purchase
where,
The present value after five years is
= ($1,000) ÷ (1.04)^5
= $821.9271
And, the present value on the date of purchase is
= $821.9271 ÷ 4%
= $20,548.18
Hence, the present value of the perpetuity is
= $821,.9271 + $20,548.18
= $21,370.1071
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