Answer:
The answer is : C. Investment overstated; retained earnings overstated
Explanation:
Under the equity method of accounting, Fey Corporation should record the correct entry as below:
Dr Equity Investment 16,800
Cr Equity Income 16,800
Dr Cash 5,400
Cr Equity Investment 5,400
As a result, Investment account has been overstated by $5,400 while Dividend Revenue account has been overstated by $5,400. The overstating in Dividend Revenue will subsequently result to the overstating in Retained Earnings account through closing entry.
So, C. Investment overstated; retained earnings overstated is the correct answer.
Answer:
E.T. the Extraterrestrial
Adjustment for inflation in 1997
Value of E.T. box office receipts = $723,681,284.11 ($435,110,554/96.5 x 160.5)
Explanation:
To adjust a 1982 receipts for inflation in 1997, the 1982 receipts is divided by the 1982 price index and multiplied by the 1997 price index. This results to an inflation-reflected receipts in 1997.
The adjustment helps to put a value that is equivalent to the current price (assessed period's current price) having factored in inflation.
A Consumer Price Index is a statistical estimate that measures the changes in the price level of a weighted average market basket of consumer goods and services purchased by households. It is measured periodically to reflect inflation.
Inflation is the general rise in the prices where a unit of currency yesterperiod buys less today than it did. It is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time.
Consumer buying is the day to day purchases people make in their daily lives such as groceries, gas, clothing, services, etc.
Organizational buying involves purchasing goods and services that will be used in the production of the end product that will be sold to consumers.
Answer:
What do u mean by this pls be less specific
<span>One potentially effective step in closing the pay gap that women can take immediately is to speak up, ask for more money in a form of a raise. There has always been talk and truth behind why men get paid more for doing the same job that a woman is. Unfortunately, in most companies this is truth. Women know this but accept the pay they are given, if they wish to see change, ask for change. </span>
