Answer:
B. $214,000
Explanation:
The insurance premium paid for a 3 year period should not have been expensed out rightly but recognized as expense through periodic amortization spread over the entire period.
As such, the amount that should have been expensed in 2011 for insurance premium is
= 1/3 × $30,000
= $10,000
Recognizing an expense of $10,000 rather than $30,000 would have resulted in an increase in the tax expense by
= 70% × ($30,000 - $10,000)
= $14,000
As such, the retained earnings would have been
= $200,000 + $14,000
= $214,000
The overstatement of an expense would have resulted in an understatement of net income and thus and understatement of the retained earnings.
Answer:
increase in investment = 16,500
Explanation:
Given data:
net income $55 000
Gain $40,000
PATHLON SHARE IN SOPTERON 30%
according to Wquity method, the increase in investment can be determined as following
increase in investment = share of net income - dividend
putting all value to get increase in investment value
increase in investment 
= 16,500
Answer:
Monopolistic
Explanation:
The type of competition that occurs in a competitive market without identical producers is a monopolistic one.
Answer:
The correct answer is letter "A": stress.
Explanation:
Stress interviews are those where applicants are tested in critical skills such as problem-solving scenarios <em>role-playing</em> those situations to find out how the applicant reacts. These evaluations place a special focus on having prospective employees show what they are capable of before being hired. Stress interviews also let applicants know what a regular day at work could be with the position they are applying for so they can review if it is what the applicants are looking for.
Complete question:
Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?
A) Two business days
B) Three business days
C) Five business days
D) Four business days
Answer:
A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.
Explanation:
TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).
When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.
