N.M.S. Company held available-for-sale securities and reported the following information at the end of each year: Compute

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N.M.S. Company held available-for-sale securities and reported the following information at the end of each year:

Compute the economic return from investing ratio for 2017, 2018, and 2019. What do the results suggest about N.M.S. Company?

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Financial Accounting

ISBN: 978-1259222139

9th edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Aug 01, 2016 02:07 PM

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N.M.S. Company held available-for-sale securities and reported the following information at the end of each year: Compute

Question:

Ending Fair Value of Investments Year 2016 2017 2018 2019 Dividend Revenue $1,500 3,000 4,200 3,500 $64,000 70,000 82,000 80,000

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2017 2018 2019 Dividends Change in Fair Value 3000 6000 4200 12000 ...View the full answer

Financial Accounting

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