The present value of a single amount. Hope this helps!
Answer:
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Answer:
Under US GAAP, the 12/31/2020 year ending preferred stock balance is $120 million
Explanation:
The computation of year ended preferred stock is shown below:
= Beginning balance of preferred stock + new issuance of preferred stock
= $100 million + $20 million
= $120 million
The preferred dividend and market value of the original amount of preferred shares are not considered in the computation part. Thus, it is ignored.
Hence, Under US GAAP, the 12/31/2020 year ending preferred stock balance is $120 million
Answer:
Annuity
Explanation:
Life Insurance & Annuity have opposite goals.
Life Insurance provides insured person's family with lump sum payment, after individual dies.
Annuity provides insured person with assured income streams, throughout his or her lifetime.
They are opposite as one facilitates lifetime income security, however the other after life financial security.
The answer for this A because