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Leokris [45]
3 years ago
8

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at

Business
1 answer:
VashaNatasha [74]3 years ago
5 0

Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

A. Historical cost.

B. Fair value less costs of disposal.

C. Fair value.

D. The lower of cost and net realizable value.

Answer:

C. Fair value.

Explanation:

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.

The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.

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Fancy Cat Products has a project that will cost $241,000 today and will generate monthly cash flows of $5,730 for the next 55 mo
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Answer:

Option C is correct one.

<u>The rate of return of this project when expressed as an APR is 12.10%</u>

Explanation:

Here initial cost of project pv = -$241,000

monthly payment pmt = $5,730

time nper = 55 months

Monthly rate of return RATE = RATE(nper,pmt,pv)

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= 1.01%

 

APR = 12* monthly rate of return = 12*1.01% = 12.10%

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Explanation:

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Answer:

$3000

Explanation:

In the United states, eligible child care expenses per dependent are limited to $3000. Since Tim and Sandy have only One 10 year old daughter which fall under the age 13 bracket for dependents gives them a maximum limits of $3000. It is important to note that of a couple has two or more child (dependents) they are eligible to $6000. A relative who is a care giver qualifies if expenses are paid to the relative on conditions that the relative isn't a dependent non child of the couple.

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Answer:

The correct option is: both socially responsible and ethical.

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