The accounting method that correctly reflects financial statement results is <u>Accrual accounting.</u>
<h3>What is accrual accounting?</h3><h3 />
This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.
This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.
Find out more on accrual-based accounting at brainly.com/question/25817056.
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Answer:
17.27 years
Explanation:
For this question we use the NPER formula that is shown on the attachment below:
Provided that
Present value = $340,000
Future value = $25,000
PMT = $35,000
Rate of interest = 7.5%
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the number of year is 17.27 years
Dividends increased by 10% (0.1) in the first 4 years.
Therefore
Dividends paid in year 1 = $100.00
Dividends paid in year 2 = $100*1.1 = $110.00
Diividends paid in year 3 = $110*1.1 = $121.00
Dividends paid in year 4 = $121*1.1 = $133.10
Dividends paid in year 5 = $133.1*1.1 = $146.41
For the next years 5 - 10, dividends remained constant.
Dividends paid in years 6 - 10 = $146.41*5 = $732.05
Total dividends paid in years 1-10 is
100 + 110 + 121 + 133.10 + 146.41 + 732.05 = $1,342.56
Answer: Total dividends paid in years 1-10 = $1,343 (nearest dollar)
Answer:
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