You should FOLLOW UP on items that: ______________, _________________, _______________

Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the

rusak2 [61]

Answer:

A. Both II and III

Explanation:

As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set

Therefore the correct option is A.

8 0

2 years ago

Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers

emmainna [20.7K]

Answer:

Realized gain of Shontelle = $332000

Explanation:

given data

adjusted basis = $760,000

mortgage = $192,000

receives cash = $120,000

fair market value = $780,000

to find out

What is Shontelle realized gain or loss

solution

we find here first Realized gain that is express as

Realized gain = Amount realized - Adjusted basis ..................1

so here Amount realized = (receives cash + fair market value + mortgage)

Amount realized = (120000 + 780000 + 192000)

Amount realized = 1092000

so from equation 1

Realized gain = Amount realized - Adjusted basis

Realized gain = 1092000 - 760000

Realized gain = $332000

so we can say that

Realized gain of Shontelle = $332000

3 0

2 years ago

The Investments Fund sells Class A shares with a front-end load of 5% and Class B shares with 12b-1 fees of 0.75% annually as we

elena-14-01-66 [18.8K]

Answer:

The responses to the given choices can be defined as follows:

Explanation:

Assume is the investment. Each original Class A investment is of the net-front unburden. The portfolio will be worth four years from now:

$\$1,000 \times 5\% = \$50 =\$1,000 - \$50 = \$950\\\\ \$950 (1 + 0.13)^4 = \$950 (1.13)^4 = \$950 (1.630474) = \$1,548.95\\\\$

You will place the total of $\$1,000$ on class B shares, but only $12b-1$ will be paid $(13-0.75 = 12.25)$ at a rate of $12.25\%$ and you'll pay a $1\%$ back-end load charge if you sell for a four-year period.

After 4 years, your portfolio worth would be:

$\$1,000 (1 + 0.1225)^4 = \$1,437.66 \\\\ \$1,000 (1.1225)^4 = \$1000 (1.587616) = \$ 1,587.62$

Their portfolio worth would be: after charging the backend load fee:

$\$1,587.616 \times 0.99 = \$1,571.74 \\\\ Amounts \\\\ Class A \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,548.95\\\\ Class B \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,571.74 \\\\$

When the horizon is four years, class B shares are also the best option.

Class A shares would value from a 12-year time frame:

$\$950 (1.13)^{12} = \$950 (4.334523) = \$4,117.80 \\\\$

In this case, no back-end load is required for Class B securities as the horizon is larger than 5 years.

Its value of the class B shares, therefore, is as follows:

$\$1,000 (1.1225) 12 = \$1,000 (4.001623) = \$4,001.62 \\\\Amounts \\\\\ Class A \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,117.80\\\\ Class B \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,001.62\\\\$

Class B shares aren't any longer a valid option in this, prolonged duration. Its impact on class B fees of $0.75\%\ \ 12b-1$ cumulates over a period and eventually outweighs the $5\%$ the burden of class A shareholders.