A strike by the employees of a supplier during the month of September 2019 resulted in...
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A strike by the employees of a supplier during the month of September 2019 resulted in a pre-tax loss of $125,000. This was considered an unusual loss and so was recorded as Other Comprehensive Income. 1. Is there an error? 2. What adjustment (if any) is needed to Desert's ICO for 2019? 3. What adjustment (if any) is needed to Desert's Comprehensive Income for 2019? A strike by the employees of a supplier during the month of September 2019 resulted in a pre-tax loss of $125,000. This was considered an unusual loss and so was recorded as Other Comprehensive Income. 1. Is there an error? 2. What adjustment (if any) is needed to Desert's ICO for 2019? 3. What adjustment (if any) is needed to Desert's Comprehensive Income for 2019?
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Answer rating: 100% (QA)
1Is there an error Yes this should be reported as part of ICO instead ... View the full answer
Related Book For
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller
Posted Date:
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