Goodwin technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. an analyst forecasts that goodwin is likely to pay its first dividend three years from now. she expects goodwin to pay a $2.75000 dividend at that time (d₃ = $2.75000) and believes that the dividend will grow by 14.3% for the following two years (d₄ and d₅). however, after the fifth year, she expects goodwin’s dividend to grow at a constant rate of 3.72000% per year. goodwin’s required return is 12.4%. fill in the following chart to determine goodwin’s horizon value at the horizon date (when constant growth begins) and the current intrinsic value. to increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places.

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.