Answer:
The answer is Accumulated other comprehensive income
Explanation:
The statement of accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.
The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.
The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.
Answer:
The answer is 2. Ten percent of the principal of the loan
Explanation:
By law, maximum commissions for first trust deed loans are at :
- 5% of the principal for loans less than 2 years or less than 3 years
- 10% of the principal for loans 3years and more.
Second trust deed loans, on the other hand, are stated at 5% for loans up to 2years, 10% for loans between 2-3 years and 15% for loans more than 3 years.
Answer:
$137,800
Explanation:
A flexible budget uses the standard hour and costs adjusted to Actual level of output
thus
Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800
The correct answer is obviously, You recognized that it exists, i have no idea what they were smoking when they wrote this question.
