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Katarina [22]
3 years ago
13

Presented below is information related to the purchases of common stock by Flint Company during 2020. Cost (at purchase date) Fa

ir Value (at December 31) Investment in Arroyo Company stock $92,000 $73,000 Investment in Lee Corporation stock 267,000 313,000 Investment in Woods Inc. stock 163,000 172,000 Total $522,000 $558,000. (a) What entry would Vaughn make at December 31, 2017, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option?(b) What entry would Vaughn make at December 31, 2017, to record the investments in the Lee and Woods corporations, assuming that Vaughn did not select the fair value option for these investments?

Business
1 answer:
Alona [7]3 years ago
5 0

Answer:

Solution attached in picture

Explanation:

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Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007),
never [62]

Answer:

The IRR is 4.08%

Explanation:

In calculating the internal rate of return in excel,the cash outflow of $76.63 is shown in year 0 with a negative sign to indicate that it is the initial investment on the share, followed by dividends in received in later years shown as positive figures ,however in the fifth the dividend received and the cash received from disposing of the share were added together to show total cash inflow in the last year.

The computation of IRR is shown below

IRR for the share purchase  

 

Years Cash flow

0 -76.63

1 1.37

2 1.55

3 1.66

4 1.74

5 86.61  

IRR 4.08%

Find attached for detailed computation.

Download xlsx
4 0
3 years ago
Roma and Swain are partners in Roma & Swain Attorneys, LLP, a limited liability partnership. Roma supervises their firm's as
meriva

Answer:

b. Roma and Taylor

Explanation:

In this case each attorney is liable for his negligence, so Taylor will be liable for not appearing in court .

Roma is his supervisor, and he will also be liable because he is responsible for Taylor's performance.

The other attorneys in the firm will not be liable, because there is personal liability. When they are not directly involved in negligence, they will not be liable to Umberto.

4 0
3 years ago
Tom sells his father's watch for $100 to sue. he later finds out from his father that the watch was an expensive rolex. tom want
Daniel [21]

The court would rule in sue's favor because courts seldom inquire into the adequacy of consideration.

In contracts, <em>consideration </em>just means the <em>exchange of things of value</em>. There has to be an exchange of things of value for there to be an enforceable contract, and in this case a watch was exchanged for money. It is rare for courts to rule on how much consideration is expected because people are generally free to set their own prices and not sell if the price is too low. That is not for a court to decide (in most cases).

8 0
3 years ago
A person who routinely buys goods in good faith from a person who routinely sells such goods.
Mazyrski [523]
They are considered a buyer in the ordinary course of business.
4 0
3 years ago
______ refers to changes in behavior, cognitions, values, language, cultural activities, personal relational styles, and beliefs
sergeinik [125]

Answer:

2. acculturation

Explanation:

Acculturation -

It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing  one in the society , in  referred to as acculturation.

In this method , the people adapts to a particular new culture of the society.

In order to learn and adapt and live along with the society .

The people actively tries to adapt to the new prevailing culture by increasing participation.

Hence , from the given information of the question,

The correct term is acculturation.

3 0
3 years ago
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