Franco Company uses IFRS and owns a piece of property, plant and equipment that has a historical cost of 5,000,000. At December 31, 2011, the company reported a valuation reserve of 8,365,000 on all assets subject to revaluation. At December 31, 2012, the property, plant and equipment above was appraised at 5,325,000. 22. The valuation reserve at December 31, 2012 will be reported at:. A. 8,040,000 on the Statement of Stockholders' Equity.
B. 8,690,000 in the assets section of the Balance Sheet.
C. 8,690,000 in the stockholders' equity section of the Balance Sheet.
D. 325,000 on the Income Statement.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?