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1.On January 2, 2013, Sanborn Tobacco, Inc., bought 5% of Jackson Industry's capital stock for $90 million as a temporary investment. Sanborn realized that these securities normally would be classified as available for sale, but elected the fair value option to account for the investment. Jackson Industry's net income for the year ended December 31, 2013, was $120 million. The fair value of the shares held by Sanborn was $98 million at December 31, 2013. During 2013, Jackson declared a dividend of $60 million.Required:1. Would this investment be classified on Sanborn's balance sheet as held to maturity securities, trading securities, available for sale securities, significant influence investments, or other? Explain.2. Prepare all appropriate journal entries related to the investment during 2013.3. Indicate the effect of this investment on 2013 income before taxes.
This would mean that in year six, the cash flow would be $800,000. However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for bot..
completing a master budgetlo2 lo4 lo7 l08 lo9 lo10check figure2a february purchases 2548004 february ending cash
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to compute trend percents the analyst shouldselect a base period assign each item in the base period statement a weight
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