Answer:
$10,974.05
Explanation:
Given that,
Amount to accumulated = $25,000 in two years
Interest rate = 9%
Let the amount be X,
Total amount after two years:
= Year 1 + Year 2
= X(1.09)^2 + X(1.09)
= 1.1881 X + 1.09X
= 2.2781 X
SO, Total amount after two years:
2.2781 X = 25,000
X = 25,000 ÷ 2.2781
= $10,974.05
Hence, the amount deposited at the beginning of each year is $10,974.
Answer:
As earnings naturally represent the managements ability and success, earnings is the item that is most prone to be misrepresented.
we know that projections are forecasts that are never 100% correct and these projections are extremely sensitive to macro environmental factors.
Financial statement fraud refers to intentional, fraudulent misrepresentations and miscalculations in the financial statement accounts, balances and cash flows. such fraudulent alterations are usually done at the accounts level and in those accounts and transactions.
Disclosure fraud refers to fraudulent activities and misrepresentations that are done by not including balances, hiding real figures and not disclosing essential and material items that are necessary to be disclosed.
Explanation:
Answer:
The answer is B. included in U.S. GDP because they are produced domestically
Explanation:
Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.
Answer:
Realized gain $110,000
Recognized gain $110,000
Explanation:
The computation of the Tonya's realized and recognized gain is shown below:
Amount realized by Tonya (fair market value) $560,000
Less; Amount given by Tonya
Yacht: adjusted basis ($250000)
Assumption of Nancy's mortgage ($200000)
Realized gain $110,000
Recognized gain $110,000
