Levi had an unexpected surprise when he returned home this morning. he found that a chemical spill from a local manufacturer has spilled over onto his property. the potential claim that he has against this manufacturer is that of a(n):

The distinction between a normal and an inferior good is

What two things do you consider when evaluating the time value of money

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?