Answer:
$85,600
Explanation:
The computation of the comprehensive income is shown below:
It is not a part of the income statement. It is a gain or loss i.e. unrealized. It could be unrealized gain or loss on the bonds or investments, gain or loss while doing foreign currency transaction etc
Therefore in the given situation, the comprehensive income should be equivalent to the unrealized holding gain i.e $85,600
The same is to be considered
Answer:
Multiple Listing Clause
Explanation:
Multiple listing clause is a business or investment term that describes a form of a clause or listing agreement that enables a broker to make his or her listings available through other brokers also referred to as Multiple listing services.
Hence, the provision in a listing contract that gives extra permission to the broker and obligates the broker to distribute the listing to other brokers is known as MULTIPLE LISTING CLAUSE
answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
Answer:
Explanation:
A successful entrepreneur’s profile is characterized of the following:
1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.
2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas
3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.
4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.
5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.
In team-based environments, the principal may have difficulty determining individual contributions by members. This can create a situation in which an opportunistic employee does little work but takes credit and this is known as adverse selection.
<h3>
What is Adverse selection?</h3>
- In general, the term "adverse selection" refers to a situation in which sellers have knowledge about a certain feature of product quality but purchasers do not, or vice versa. In other words, it is an instance of the use of asymmetric information.
- When one side to a transaction has more in-depth knowledge of the relevant facts than the other, this is known as asymmetric information, also known as information failure.
- Usually, the vendor is the one who has more knowledge. When both parties are knowledgeable, it is said that there is symmetric information.
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