The equity investment ( sheridan )account on December 31, 2021 is $5,20,000
As per the fair value technique, equity Investments must be stated at the fair value of the funding at the date of reporting. In this situation there is no fair value, therefore fairness Investments ought to be mentioned at buy charge.
A fair fee is an anticipated charge at which an asset is offered or offered when both the client and seller freely agree on a fee. People and corporations may additionally compare modern-day marketplace value, growth ability, and replacement value to determine the fair price of an asset.
An equity investment is a cash that is invested in an organization by means of buying shares of that organization within the stock market. those shares are generally traded on a stock exchange.
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Answer:
a. The product must be sold
Explanation:
Total revenue and total expenses are recorded in the income statement.
If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.
The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory
And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement
You can reduce biased thinking by A- "Use brainstorming with a diverse group of people within and outside your company to generate ideas, with no idea being too far-fetched."
<u>Explanation</u>:
Every critical problem will end up with the simple solution. To out stand in her business, this entrepreneur was thinking to make some changes in her bikini production. But she end up with the usual ideas which are already present in the market. She was biased in thinking and couldn’t opt for a different idea.
On a fine day, having casual conversation with her customer she got a suggestion of making bikini with a style that would scare the shark. The entrepreneur was happy and at the same time felt bad about her biased thinking. To avoid this, she would go for brainstorming where she could get lot of different ideas from the group of people.