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Roman55 [17]
4 years ago
10

A company failed to record unrealized gains of $26 million on its debt investments classified as trading securities. Its tax rat

e is 35%. As a result of this error, total shareholders' equity would be (Round million answer to 2 decimal places.):
Business
1 answer:
Naya [18.7K]4 years ago
3 0

Answer: Total shareholders' equity = $16.90 million

Explanation:

Unrealized gains or losses of  trading securities investment will be recorded in retained earnings.

Unrealized gains (net of taxes) will increase the balance of retained earnings, which is a part of shareholders' equity. If unrealized gains are not recorded then the retained earnings is understated.

\thereforeUnrealized gains (net of taxes) = Unrealized gains - Taxes

= $26 million - 35% of $26 million

= $26 million - $9.10 million

= $16.90 million

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Yakvenalex [24]

Based on verifiable research, it has been shown that "goals" influence the behavior of employees and give confidence to the strategic teams that make things happen.

This is because goals setting has been found to give people a sense of purpose and a reason to accomplish a task.

This helps push employees and motivate them towards achieving the desired result.

Goals setting also gives confidence to the strategic teams that make things happen by quantifying their success.

It also helped them to have and create a shared vision which gives them the confidence to pursue the set goals.

Hence, in this case, it is concluded that goal setting is crucial to achieving success in any organization.

Learn more here: brainly.com/question/25062459

8 0
3 years ago
While it may not be possible to make the receiver happy when you deliver bad news, you can reduce bad feelings by structuring yo
OlgaM077 [116]

Answer:

  • Care and concerned use A) Unnderstanding
  • open to bad news C) When it may benefit them or somebody else
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Explanation:

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7 0
4 years ago
A federal bank examiner came to a bank in Jacksonville. He audited the books and he checked out the staff and the office facilit
babymother [125]

Answer:

Eminent domain for the public good.

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He charged the branch manager because he didn't see eminent domain for public use.

In eminent domain the government, the government the government has the power to take private property for public use.

The bank is a public place and as such are required to have a public domain that is members of the public or for civic use. Such a party is likely going to be for public use or it could be delegated to third parties.

3 0
3 years ago
Class, inc., expects to sell 22,000 pool cues for $ 12.00 each. direct materials costs are $ 2, direct manufacturing labor is $
Harlamova29_29 [7]

Answer:

Production= 23,700 units

Explanation:

Giving the following information:

Class, inc., expects to sell 22,000 pool cues for $ 12.00 each.

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finished goods inventory beginning 1,800 units

finished goods inventory ending 3,500 units

We need to calculate the production for 2019 using the following formula:

Production= Sales + ending inventory - beginning inventory

Production= 22,000 + 3,500 - 1,800= 23,700 units

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3 years ago
Which of the following do lenders take into account before issuing unsecured debt?
umka2103 [35]
"Creditworthiness" is the one among the following choices given in the question that <span>lenders take into account before issuing unsecured debt. The correct option among all the options that are given in the question is the third option or option "C". I hope that this is the answer that has actually come to your help.</span>
3 0
3 years ago
Read 2 more answers
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