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Question - Light Company bought a machine for 300,000 on January 1, 20x8. The machine's useful life is 10 years and it is estimated to have a zero residual value and is depreciated using the straight-line method.
The re-valued amount of the machine is as follows:
December 31 Fair values of the machine
20x8 360,000
What is the revaluation surplus in the equity section of light company's December 31, 20x8 statement of financial position?
Managers to invest a large amount of their personal wealth (often more than 40%) in company shares. What is the theory behind this type of behavior? Why?
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After one year, they sell the share for $55. During the year, they receive $7 in dividends. What was the dividend yield in percentage terms
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