Answer:
C. Pillar's original cost less Salt's recorded gain
Explanation:
For physical assets, that is in the form of machineries or computer hardware or in this case, equipment, we can calculate the carrying cost to be the original cost minus accumulated depreciation.
in answer to this question, the carrying amount of the equipment should be reported at <u>Pillar's original cost less Salt's recorded gain.</u>
Answer:
Present value = $45,185,606
Explanation:
Data:
number of periods(n) = 17 years
First-year profit = $5 million
Growth rate = 2%
Interest rate = 10%
Present value = ?
Solution:
The present value of the growing annuity can be calculated as follows
Formula:
Let's denote
annual interest rate = x
annual growth rate = y
Present value = First-year profit x 
Present value = $5,000,000 x 
Present value = $5,000,000 x 9.03
Present value = $45,185,606
Answer:
d. a failure of succession management.
Explanation:
Since in the given situation it is given that the CEO of the company killed in the airplane crash and other than him there was no one who is well qualified for the post of the CEO or chairman so this situation represent that there is the failure of the management when some higher authority is not there to direct them or seeing their performance aslo it is now very difficult to attain the company goals and objective
Therefore the option d is correct
Answer:
True
Explanation:
The dividends to be recognized are always for the amount they are given in cash, but in case of property dividends, the dividends are to be recognized at fair value of the property distributed.
This is in accordance with GAAP.
There is no recognition based on book value or carrying value of the property distributed as do not represent the net exchange value of the property.
Therefore, the statement is TRUE
