Suppose you purchase one share of the stock of Volatile Engineering Corporation at the beginning of year 1 for $36. At the end of year 1, you receive a $2 dividend and buy one more share for $30. At the end of year 2, you receive total dividends of $4 (i.e., $2 for each share) and sell the shares for $36.45 each. The dollar-weighted return on your investment is
A. -1.75%.
B. 4.08%.
C. 8.53%.
D. 8.00%.
E. 12.35%.
E. 12.35%.
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Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31
a. Interest Receivable increases $240, Interest Revenue increases $240 b. Interest Receivable increases $360, Interest Revenue increases $360 c. Interest Receivable increases $480, Interest Revenue increases $480 d. Interest Receivable increases $720, Interest Revenue increases $720
A company must account for a contract modification as a new contract if
A) the modification adds distinct goods or services at a price that reflects their stand-alone selling price. B) the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services. C) the promised goods or services are distinct and separable from other goods or services promised in the original contract. D) the promised goods or services are distinct and the contract has commercial substance.
When do children show the first evidence of lying?
a. as soon as they are able to express wants or needs b. when they are capable of recognizing unique individuals c. as soon as they are capable of speech d. when they reach the postconventional reasoning stage
Among the results of convergence will be
A. increases in the cost of listing for U.S. companies abroad. B. increased competition to list in U.S. stock markets. C. increased ambiguity about which standards are operating. D. more integrated financial markets and cost savings related to harmonization.