<span>The fundamental aspects of professionalism are the responsibility and the skills to handle the work perfectly, for this you need to have self-control as part of the good management of the skills when the person handles himself. Ethics, responsibility, and discipline are part of professionalism.</span>
Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
Answer:
In order to find IRR we have to set the present value of all cash flows to 0,
IRR is the rate at which if we discount the payments the NPV (net present value) will be 0
-1875000+
415,350/(1+IRR)
415,350/(1+IRR)^2
415,350/(1+IRR)^3
415,350/(1+IRR)^4
415,350/(1+IRR)^5
415,350/(1+IRR)^6
415,350/(1+IRR)^7
Now we can use trial and error to see at what rate will the npv be
IRR= 12.35%
Another simple way of doing is using the cash flow function of a financial calculator and input these values.
CF0=1875000
C01=415,350
C02=415,350
C03=415,350
C04=415,350
C05=415,350
C06=415,350
C07=415,350
Explanation:
Answer:
The correct answer to the following question will be "Balance sheet".
Explanation:
A financial statement detailing the wealth, debts, and assets of a company, termed as a Balance sheet, shows the net worth or annual income of your company.
There are three types of financial reports of a company. The balance sheet is the one from that (the other two was the revenue statement and the statement of retained earnings) used only to assess a company.
Therefore, the Balance sheet is the right answer.