Answer:
30,500 bonds x $14 per bond = $427,000
Explanation:
Nicols Enterprises must carry the Elliot investment on its balance sheet using the fair market value of the stocks (value given by the stock market).
The reliability principle states that only transactions that can be proven have to be recorded. So how can Nichols prove that Elliott's stock is worth $18, or maybe $1,000 or even $1 million. They can´t prove any of that, that is why they have to use the fair market value.
Answer:
Roe will be equal to 11.67 %
Explanation:
We have given net income = $50000 = $0.05 million
Total debt = $1 million
Debt ratio = 70% = 0.70
We have to find the ROE
Debt ratio is ratio o debt and assets
So 
Assets = $1.42 million
Now equity will be equal to assets - debt
So equity = $1.42 - $1 = $0.42 million
Now equity ratio is equal to ratio of net income and equity
So equity ratio 
= 11.67 %
Base on this context, Cream Bite Inc., is considered to be a
joint venture. A joint venture is considered to be a business entity that
occurs when the two or more parties are involved in one business in which they
have a share ownership with the business.
Answer:
B) Mountaintop and Niles
Explanation:
Both Mountaintop Clearview Corporation and Niles are responsible for the illegal waste disposal.
When a company's employee is involved in an illegal activity or an accident while performing job related duties, both the employee and the company are responsible for the possible damages.
In this case Niles can be subject to criminal charges and Mountaintop to civil charges.
Answer:
(A note in the financial statements or a schedule attached to the statement of cash flows.
Explanation:
Noncash investing and financing transactions do appear as a separate schedule on the statement of cash flows. They are are notable investing and financing activities that do not affect cash directly. The IFRS and US GAAP mandates companies to disclose all notable or significant non-cash investing and financing activities either at the bottom of the statement of cash flows usually in a form of a footnote or in the notes to the financial statements.
