ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
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Financial Accounting
Mia Vision Clinic is considering an investment that required an outlay of $505,000 and promises a net cash inflow one year from now of $660,000. Assume the cost of capital is 13 percent. Break the $550,000 future cash inflow into three components: 1. The cost of capital. 2. The profit earned on the investment. (FINANCIAL ACCOUNTING)
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