Answer:
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Explanation:
The change in net position = Amount of bond proceeds - Amount of bond principal.
The change in net position = $2,000,000 - $500,000 = 1,500,000
There would be a decrease of 1,500,000 as the payments.
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Answer:
4) C) software that requires a high annual subscription whether you want the updates or not
Explanation:
Answer:
Dividend growth rate anticipated = 14.66%
Explanation:
Using dividend growth model we have
P =
Where P = Current market price = $120
D = Dividend to be paid at year end or next year = $1.37
K = Expected return on equity = 15.8%
g = Expected growth rate
Now putting values we have
$120 =
0.158 - g =
0.158 - 0.0114 = g
0.1466 = g = 14.66%
Auditors would comunicate with the audit committee for critical accounting practices including the significant accounting policies and practices for evaluating certain evidences related to the transaction.
Some of the other communications made to audit committee should be an overall audit strategy with time of the audit and significant risks involved for assessing risks and procedures regarding the transaction.
Auditors are required to solve the financial accounting problems and are not accountable for unusual insignificant transactions and procedures and policies.
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One typical relationship between time and interest rate would be simple interest rate. It is the most simplest interest rate however it is not used nowadays since it does not account for all cost along the value of the money. For this relationship, interest rate is directly proportional with time.