Comprehensive income consists of O operating income + other income and losses net income + other adjustments to retained earnings net income + other comprehensive income other comprehensive income + unrealized changes in the value of available-for-sale securities
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A: Solution: Appropriation for accumulated profits, if reflected in separate account, shall be shown…
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A: Introduction: If an investor company invests and acquires between 20 to 50% stake in the investee…
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A: Fair value accounting: uses the Current Market Values as the basis for Recognizing Assets &…
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A: Solution: Debt securities acquired by a corporation which are accounted for by recognizing…
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A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…
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A: Solution: Unrealized holding gain or loss on a company’s equity investment is just the virtual…
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A: Valuation of Securities: A security valuation is a method that is used by regulators to analyze the…
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A: Unrealized holding gains and losses: An unrealized gain is a profit recorded on paper results from…
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Q: Unrealized holding gain/loss which are taken to profit or loss are from securities that are…
A: Answer:- Unrealized gain meaning:- A notional profit that exists on paper as a consequence of an…
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A: Consolidated Statement: It is a Financial Statement, which shows the entire activity of the…
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A: SOLUTION COMPREHENSIVE INCOME INCLUDES NET INCOME AND UNREALIZED INCOME SUCH AS UNREALIZED GAINS OR…
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A: International Financial Reporting Standards (IFRS): International Financial Reporting Standards is…
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A: It is investment in debt or equity but it intent to sale before its maturity.
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A: Retained earning is the earning accumulated over a period of time. It is used for various purposes…
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A: The equity method is generally applied in case of investment in associate/ joint venture
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A: Equity of the investor means the amount that is invested by the investor in the company. Equity…
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A: There are various difference among the GAAP and IFRS: GAAP is Rules based whereas IFRS is…
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A: Retained earnings is the amount of earnings accumulated over the period of time. Statement of…
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A: A security is a financial instrument, generally any financial asset that can be traded.…
Q: Appropriation for accumulated profits, if reflected in separate account, shall be shown as a.…
A: Solution: Appropriation for accumulated profits, if reflected in separate account, shall be shown as…
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- The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: $ 42,000 37,500 89,500 79,500 69,500 Cash 24 49,000 Liabilities Drysdale, loan Drysdale, capital (50%) Koufax, capital (30%) Marichal, capital (20%) Noncash assets 269,000 a-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. a-2. Liquidation expenses are estimated to be $28,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well. b. Assume that assets costing $87,000 are sold for $66,500. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Req Req Req B Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. Loss…What is the result in C9? 1 2 34569 7 8 9 B Year O a. #DIV/01 O b. N/A O c. Accept O d. Reject 0 1 2 4 Cash Flow 8,200 1,400 2,500 3,100 4,800 8% D E F 4 Rate Decision IF(NPV(CB,C4:C7)>=C3,"Accept","Reject")tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1 EY Accounting Assessment O Total 00:54.47 Finish Test Section 1 of 1 Section #1 v 10 11 12 13 14 15 16 17 18 19 20 17 of 45 All 2 43 Question # 17 G Revisit Choose the best option Which of the following formula best describes the acid test or quick ratio? Current assets: Current liabilities. Debtors: Creditors O (Current assets stock) Current liabilities. O Current assets: (Current liabilities - bank overdraft). Frev Cueston Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 metil 413 PM 1/16/2021 Type here to search
- Q11 Which of the following options is INCORRECT regarding financial assets and the subsequent measurement model(s)? Select one: a. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in OCI _ b. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Amortised cost _ c. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in SPL _ d. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Fair value, adjustments in OCI _akeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3false hapter 11 Lab Application 全 回 Sign ia еBook You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts of Value at the End Investment Rate Times of the Period $7,000 20% 16 years 612,094.91X $11,000 15% 9 years 184,644.26X $15,000 12% 5 years 95,292.71 X $36,000 10% 2 years 75,600.00 Feedback > Check My Work For each scenario, use the rate and time components to use the applicable time value of money table to determine the needed factor. Multiply the investment amount by the future value factor to determine the value of end of the period. 6:38 PM G O 4) ENG 13 68°F Sunny 10/26/2021 O P Type here to search hp %24 %24 %24Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets $ 25,494 29,800 $ 52,676 69,608 7,901 216,273 Cash $ Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 73,888 91,962 8,459 236,656 30,737 40,577 42,778 3,348 189,960 Total assets $ 436,459 $ 376, 258 $ 307,400 Liabilities and Equity $ 106,505 64, 223 $ 40,577 Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 83,695 68,615 162,500 35,708 $ 376, 258 $ 307,400 89,136 162,500 162,500 83,759 60,399 Total liabilities and equity $ 436,459 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period?
- If current assets = OMR125, net fixed assets = OMR300, long- %3D %3D term debt = OMR80, and owners' equity = OMR275, what is the %3D value of current liabilities if it is the only other item on the balance sheet? Select one: O a. OMR 70 O b. OMR240 O c.-OMR35 O d.OMR425 O e. OMR 35kindly help with these questions . The unit cost of Equity Linked Savings Scheme (ELSS) of a common asset is $10/ - . The public offer value of the unit is $20.204 and the reclamation cost is $9.80. Ascertain: (I) Front-end Load (ii) Back end Load 2. Cost of new obligation fuses: a. Floatation cost b. no floatation cost c. just a piece of floatation d. none of these11. Which type of financial assets are purchased only with the intent of selling them in the near future? DAFVTPL financial assets ⒸBFVTOCI Financial assets C. Amortized Cost financial assets OD. Investment accounted for using the equity method
- A = 60, L = 45 Case 1: OE=12 Case 2: OE= 17 For each case do 4 questions: 1. Do we adjust A or L or OE? 2. How much is translation for? 3. Is it a gain or loss? 4. Does it affect net gain?Need answer of each question minimum 100 words to 150 words 1.What the CAPm is and why it is useful? 2. Disclose and comment the differences between the cost of Equity and The WASSEntity A recognizes a gain of P100 from the change in FVLCS of its biological assets during the period. If the change in FVLCS due to price change is P70, the change in FVLCS due to physical change must be P40. True or False. Please explain.