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Question - On 30 June 2018, the statement of financial position of Benedict Ltd showed the following non-current assets after charging depreciation:
Plant and Equipment $240,000
Less Accumulated Depreciation $160,000
Carrying Amount $80,000
On 30 June 2019, an independent valuer assessed the fair value of the Plant and Equipment to be $130 000.
Required - Prepare the appropriate general journal entries to revalue the plant and equipment as at 30 June 2019.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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