Answer:
$372,000
Explanation:
The computation of the amount to be reported in the balance sheet is shown below:
= Number of shares of common stock × fair value of the Papa stock on that date per share
= 6,200 shares × $60
= $372,000
Since in the question it is given that the Nana company does not have significant influence over Papa Company which means that the net income, retained earning, dividend is not be considered.
Therefore, the investment should be reported at the fair value
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.
Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.
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Answer and Explanation:
The preparation of the plant assets is shown below:-
Plant Assets
Partial Balance Sheet
December 31, 2013
Land $4,897,200
Buildings $26,630,000
Less : Accumulated Depreciation $13,904,550 $12,725,450
Equipment $46,406,800
Less : Accumulated Depreciation $9,182,250 $37,224,550
Total Plant Assets $54,847,200
Note:- Here, Building Details for 2023 are not provided, it will be included in the accumulated depreciation above if available
Answer:
The correct answer is option A.
Explanation:
Liquidity preference theory was given by J.M Keynes. He states that money is demanded by people because it holds certain liquidity.
There are various motives involved for which people prefer liquidity. These motive are precautionary, transactionary and speculative motives respectively.
When the demand for money is more than supply, it means there is excessive demand. This excess demand will lead to increase in the interest level. At higher interest, the quantity of money demanded will fall.
I would assume it's a bank account...