Answer: $538,806.50
Explanation:
This question is a compound interest question. If the savings increased at 14% per year then the amount when he is 68 will be;
Future Value = Present Value * ( 1 + Interest Rate ) ^ Years
Years = 68 - 20
= 48
Future Value = 1,000 ( 1 + 14%) ^ 48
= 1,000 * 538.8065
= $538,806.50
I think that it is A. Please Mark Brainliest!!!
Answer: Results in recognition of unrealized gains and losses in earnings of a business entity
Explanation:
The election of the fair value option (FVO) for financial assets results in recognition of unrealized gains and losses in earnings of a business entity. The fair value option puts into consideration the unrealized gains and losses in earning of a business for financial assets.
For example, an election date occurs when an entity recognizes an investment in equity securities with readily determinable fair values issued by another entity.
Answer: Policy principles document
Explanation:
The policy principle document is one of the form of communication that consist various types of laws, rules, regulations and the guidelines in an organization.
The main objective of the policy principle documents is that it helps in reflecting the main business ethics, principle and the values in an organization.
This type of legal system policies is managed by government and also by an organization. Therefore, Policy principle document is the correct answer.
