International portfolio for buying depository receipts
Why it is easier for an investor willing to diversify his portfolio internationally for buying depository receipts instead of actual shares of the company?
Expert
Depository receipt is purchased on the domestic exchange of the investor. It offers package of primary foreign security which is priced in the investor’s local currency and in the trading range which is typical for investor’s marketplace. Investor may purchase receipt of depository directly from his domestic broker, instead of having to deal with an overseas broker and the requirement of obtaining foreign funds in order to make foreign stock purchase. Moreover, dividends are received in local currency than in foreign funds which would required to be converted in the local currency.
Q : Prepare journal entry to record On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250
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