For the year ended December 31, 2017, Redvers Ltd. issued the following summarized statement of comprehensive in
Question:
Redvers Ltd.
Summarized Statement of Comprehensive Income
For the year ended December 31, 2017
Net income............$925,000
Other comprehensive income..... (95,000)
Comprehensive income.........$830,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
31Dec16 Accumul...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
In the year ended December 31 2017 Hexham Inc Hexham reported net income of 5 100 000 which included a writeoff of 1 377 000 of company assets During 2017 accounts receivable increased by 137 700...
-
In its income statement for the year ended December 31, 2010, Maris Company reported the following condensed data. Instructions (a) Prepare a multiple-step income statement. (b) Calculate the profit...
-
In its income statement for the year ended December 31, 2014, Michael Company reported the following condensed data. Instructions (a) Prepare a multiple-step income statement. (b) Prepare a...
-
In a country with a fixed exchange rate system the rise of inflation will result in: O Home currency depreciation Currency appreciation in real terms Floating of home currency O Inflow of foreign...
-
Describe the role of systematic marketing research in predicting the markets price-change response.
-
(a) For the solidification of iron, calculate the critical radius r* and the activation free energy ?G* if nucleation is homogeneous. Values for the latent heat of fusion and surface free energy are...
-
To what extent can international negotiations over economic policy be seen as a game of strategy? Are there any parallels between the behaviour of countries and the behaviour of oligopolies?
-
Review this chapters opening feature involving Arynetta Floyzelle and her Girl Team Mobile business. 1. Explain how a classified balance sheet can help Arynetta Floyzelle know what bills are due when...
-
Since Kanye (Ye) believes he will be immortal, he bought an 8% bond due on November 8th in two years which allows him to change the maturity date to November 8th in 12 years, if he makes the election...
-
? ? Preparing financial statements and closing entries Paulson Corporation Adjusted Trial Balance December 31, 20- DERIT CREDIT ACCOUNT TTLE Cash 28 3 6 211 Petty Cash 1200 Accounts Receivable...
-
Utterson Inc. (Utterson) is a small manufacturing company in northern Ontario. Utterson's owner has approached you to take an equity position in the company. The owner has provided the balance sheets...
-
Complete the following table by indicating whether the listed transactions or economic events would increase, decrease, or have no effect on the financial ratios listed. Explain your reasoning and...
-
Should the Sampsons invest their savings in mutual funds? Why or why not?
-
Bramble Corp. owned 898000 shares of Cullumber Company stock. On December 31, 2018, when Bramble's account Equity Investments (Cullumber Company) had a carrying value of $5 per share, Bramble...
-
Replace Equipment A machine with a book value of $246,700 has an estimated six-year life. A proposal is offered to sell the old machine for $214,200 and replace it with a new machine at a cost of...
-
You just purchased a house and have signed a 30-year mortgage for $500,000 with a 12% annual interest rate. What will be your monthly mortgage payment for this home?
-
In 2006, Apple Inc sold inventory for 100,000 pounds to Nature, a British firm. The terms were FOB Destination and full payment in pounds was received on 1/14/07. The inventory was delivered on...
-
Simplify the following expression by expanding and collecting like terms. 10(-3)+6(-8x+3) Give your answer in the form az + b.
-
1. How can Charles deal with these issues in a way that is acceptable for both the organization and the employees? 2. What, if any, general assistance can his organization, headquartered in the...
-
Suppose that a business sells 6-month subscriptions to its monthly magazine. On January 1, the company receives a total of $600 for 10 subscriptions. To record this transaction, the company debits...
-
Post the journal entries prepared in Exercise 22 to T-accounts. Assume that the opening balances in each of the accounts is zero. In Exercise 22, Prepare journal entries to record each of the...
-
The following transactions occurred during the month of June 2011 for the Stridewell Corporation. The company owns and operates a retail shoe store. 1. Issued 100,000 shares of common stock in...
-
Listed below are several terms and phrases associated with the accounting processing cycle. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with...
-
You have a call option which expires today relating to 1,000 shares in Drum Software. The strike price of the option is $70 per share. The option premium was $8 per share. Assuming that the current...
-
As CFO of Beavers United, you are deciding if you should add an automated billing system that is expected to speed up your collections process. One of the systems you are considering costs and...
-
On January 1, 2021 Travellers Ltd. had 350,000 common shares issued and outstanding and 10,000 non-cumulative non-convertible $1.50 preferred shares outstanding. On March 1, 2021 Travellers issued...
Study smarter with the SolutionInn App