Sapling independent is a small bank located in hong kong. sapling independent is interested in increasing the number of mortgages it writes, but it is constrained by how many deposits it has.
it has decided to borrow 12,000,000 euros from a large german bank for one year. the german bank is going to charge sapling independent an interest rate 1.500% per year.
the german bank insists on being repaid in euros.
after sapling independent borrows the money, it is going to have to convert the money into hong kong dollars at an exchange rate of 13.000 hk dollars/euro.
then sapling independent is going to lend all the money at an interest rate of 6.000% per year. at the end of one year, all the money that sapling independent lent will be repaid, plus interest.

finally, at the end of one year, sapling learning is going to have to repay its loan to the german bank in euros. at the end of the year, the exchange rate is 11.500 hk dollars/euro.

what is sapling independent\'s profit from this series of transactions in hong kong dollars?

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9