Which of the following would be considered an Other comprehensive income item? (a) Gain on disposal of

Question:

Which of the following would be considered an

“Other comprehensive income” item?

(a) Gain on disposal of discontinued operations.

(b) Unrealized loss on available-for-sale securities.

(c) Loss related to fl ood.

(d) Net income.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

See More Books

Question Posted: Feb 27, 2024 03:03 AM

See More Questions

Iridium Co. purchased a machine on the first day of a year. The following data is available for the machine: Initial cost$60,000 Expected useful life10 years Estimated residual value$2,000 Determine...
1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
Does the performance of kinross gold cooperation affect the performance S&P/TSX Composite index? Explain why or why not using this graph in brief Kinross Gold Corporation (K.TO) Toronto - Toronto...
If the Fed makes the quantity of money grow at the same rate as the growth rate of real GDP and velocity does not change, in the long run what happens to the price level and the inflation rate?
1. A firm has a production function y = KVL, where K, L are positive quantities of capital and labor and y is the quantity of output. Given a positive input prices r for K and w for L, a producer...
In Example 8.4, choose methane and hydrogen as independent components. Derive relationships for the remaining components in terms of methane and hydrogen. Data From Example 8.4:- Construct the...
Identify each of the following items as being associated with (a) An AICPA financial statement audit (b) A PCAOB integrated audit (c) Both sets of audit standards _____ AS 5 _____ Must means a...
Idenfity FIVE (5) characteristics of quality product and FIVE (5) characteristics of quality service. You may use car as an example of a product and hotel services as example of service. (20 marks)...
Which situation below might indicate a company has a low quality of earnings? (a) The same accounting principles are used each year. (b) Revenue is recognized when the performance obligation is...
In reporting discontinued operations, the income statement should show in a special section: (a) gains on the disposal of the discontinued component. (b) losses on the disposal of the discontinued...
Determine the current and power in the following circuit, and draw the phasor and time diagrams. 120 V 60 Hz 51.3 R = 8 www (a) Circuit 51.3 I L = 50 mH C = 300F (c) Time diagram 000 Time wt 51.3...
i) ii) Identify the Miller indices for the planes drawn below in cubic unit cells. (201) (112) or (TT3) Determine the d-spacing for each of the above planes in terms of the lattice parameter, a....
Consider the following reaction. What would be the equilibrium constant expression? 4Br2(g) + CH4(9) 4HBr(g) + CBr4(g)
An investment bank has developed a new indicator for tracking international currency values using the cost of an iPad (8th generation) 32GB as a benchmark. The concept behind the iPad Index is based...
(a) Find the three equations of state for a system with the fundamental equation: () 3 - (OR) = V = Show then that = -u. (You can assume that 0, R and Vo are positive constants). Remember that U(S,V,...
NUMBER ONE a) b) Differentiate between a feedback control system and a feed forward control system. (4 marks) In his study of: "the impact of budgets on people" C Argyris reported the following...
During 2011, Rooster Company purchased 5,000 shares of Hen Company common stock for $18 per share and 3,200 shares of Egg Company common stock for $21 per share. These investments are intended to be...
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
Give an example of an industry that would be characterized by (a) A high asset turnover ratio and a low profit margin ratio, and (b) A low asset turnover ratio and a high profit margin ratio.
Allman Corporation and Bryant Corporation operate in the same industry. Allman uses the straight-line method to account for depreciation, whereas Bryant uses an accelerated method. Explain what...
Guzman Corporation uses straightline depreciation for financial reporting purposes but an accelerated method for tax purposes. Is it acceptable to use different methods for the two purposes? What is...
On May 1, 2022, Cullumber Company purchased the copyright to Bramble Corp. for $134400. It is estimated that the copyright will have a useful life of 4 years. What would be the amount of amortization...
Standard Costing (Material and Labor Variances) ABC Company manufactures a chemical used for industrial maintenance. This chemical, which is sold by the drum. generally has a stable selling price....
What are the ethical responsibilities of leaders in promoting diversity, equity, and inclusion within organizations, advancing initiatives to combat discrimination, promote equal opportunity, and...

Which of the following would be considered an Other comprehensive income item? (a) Gain on disposal of

Question:

Step by Step Answer:

b Unrealized gains and losses on availableforsale securities are p...View the full answer

Financial Accounting

Students also viewed these Business questions