Szuba Corporation reported the following transactions for the current year Sales $ 500,000 Cost of goods sold 300,000 Operating expenses 100,000 Cash dividend 50,000 unrealized gain on available for sale security 10,000 Unrealized gain on trading security 20,000 Ignoring income taxes, Szuba should ...

Choice b is correct The only item that fits is the unrealized gain on the ava ...

Szuba Corporation reported the following transactions for the current year: Sales $ 500,000 Cost of goods sold

Question:

Szuba reported the following transactions for the current year:
Sales $ 500,000 Cost of goods sold 300,000 Operating expenses 100,000 Cash 50,000 unrealized gain on available- for- sale security 10,000 Unrealized gain on trading security 20,000
Ignoring income taxes, Szuba should report other comprehensive income of:
a. $ 80,000
b. $ 10,000
c. $ 60,000
d. $ 30,000 .
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...