Answer:
$245,000
Explanation:
The cash outflow in respect of the Prepaid rent of Howard Inc. for the year 2021 shall be determined using the following mentioned equation:
Cash outflow during the 2021=Rent expense for the 2021+end balance of prepaid rent for 2021-ending balance of prepaid rent at 2020
Cash outflow during the 2021=$240,000+$80,000-$75,000
=$245,000
It will take her 50 months if the interest grows every months. Here's the reason why:
=> in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
The equity approach has a tendency to yield different financial statement outcomes for a particular investment in equity securities than the fair value technique would.
A financial investment in a firm known as an equity investment entails buying its stock on the stock market. On a stock exchange, these shares are commonly exchanged.
With the equity method of accounting, the investment is first recorded at cost and later modified to reflect changes in the investor's portion of the investee's net assets following the purchase. Investments in equity Investments with fixed returns, such as money market instruments, and debt securities such as bonds and notes (some fixed income investments, such as certificates of deposit, may not be securities at all)
Fair market value (FMV) is the cost of an asset when a buyer and a seller have reasonable knowledge of it and are ready to negotiate a price without being under any obligation. A corporation can report the earnings it makes from its investment in another business using the equity method of accounting.
To learn more about equity securities:
brainly.com/question/28069878
#SPJ4
