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Mashcka [7]
2 years ago
6

A financial statement is a summary of all the financial transactions that have occurred over a particular period. Also financial

statements indicate a firm's financial health and stability, and are key factors in management decision making.
a. True
b. False
Business
1 answer:
just olya [345]2 years ago
3 0

Answer:

True

Explanation:

This is true

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pharoah company purchased 200 of the 1000 outstanding shares of sheridan company's common stock for $520000 on january 2, 2021
Anni [7]

The equity investment ( sheridan )account on December 31, 2021 is $5,20,000

As per the fair value technique, equity Investments must be stated at the fair value of the funding at the date of reporting. In this situation there is no fair value, therefore fairness Investments ought to be mentioned at buy charge.

A fair fee is an anticipated charge at which an asset is offered or offered when both the client and seller freely agree on a fee. People and corporations may additionally compare modern-day marketplace value, growth ability, and replacement value to determine the fair price of an asset.

An equity investment is a cash that is invested in an organization by means of buying shares of that organization within the stock market. those shares are generally traded on a stock exchange.

Learn more about fair value here brainly.com/question/16788537

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6 0
1 year ago
Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required
Ad libitum [116K]

Answer:

The answer is $115.38

Explanation:

Solution

Given that

The annual dividend on preferred stock = $7.50

Required return on preferred stock+= 6.5%

The next step is to find at what price should the preferred stock sell which is given as follows:

The rice of preferred stock = 7.50/6.5%

= $115.38

$115.38 is the price at which the stock preferred was sold.

4 0
2 years ago
Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year
RUDIKE [14]

The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

Read more on what a discount is here:

brainly.com/question/9841818

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6 0
2 years ago
eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' __________ needs in th
777dan777 [17]

eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' <u>love and belonging</u> needs in Maslow's hierarchy of needs.

<h3>What is Maslow's Hierarchy of Needs?</h3>

This refers to a pyramid develoed by Abraham Maslow that spells out the various kinds of needs of man in the order in which they are likely to be satisfied.

Other sections on the pyramid are:

  • Physiological needs
  • Safety needs
  • Self Esteem
  • Self-Actualization

See the link below for more about Abraham Maslow's Hierarchy of needs:

brainly.com/question/1785981

6 0
1 year ago
What is the sale price for a swimming suit with a regular price of $59.95 which is on sale for 30% off?
quester [9]

Answer:

$41.97

Explanation:

5 0
3 years ago
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