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aleksklad [387]
3 years ago
7

Pronghorn Corporation began operations on January 1, 2020 when $236,000 was invested by shareholders of the company. On March 1,

2020, Pronghorn purchased for cash $125,000 of debt securities that it classified as available-for-sale. During the year, the company received cash interest of $7,100 on these securities. In addition, the company has an unrealized holding loss on these securities of $13,500 net of tax. Determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2020). (Enter negative amounts using either a negative sign preceding the number e.g. -15 or parentheses e.g. (15).)
Business
1 answer:
Over [174]3 years ago
3 0

Answer:

a. $7,100

b. -$6,400

c. -$13,500

d. -$13,500

Explanation:

The computation is shown below:-

a. Net income

Net income = Cash interest

= $7,100

b. Comprehensive Income = Net Income - unrealized holding loss

= $7,100 - $13,500

= -$6,400

c. Other Comprehensive Income = unrealized holding loss

= -$13,500

d. Accumulated other comprehensive income:

Ending Balance of other comprehensive income = Beginning Balance + During this year

= $0 + (-$13,500)

= -$13,500

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Alenkinab [10]

Answer:

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Explanation:

Production possibility frontier graph is attached.

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7 0
4 years ago
The risks created by rapid changes in it have not affected which concepts of internal control?
Goryan [66]

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<h3>What is technology?</h3>
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5 0
1 year ago
You're trying to choose between two different investment, both of which have up – front costs of $45,000. investment g returns $
DochEvi [55]
Amount invested in both schemes is $45,000
returns in investment g is 75,000 in 6 years. 
yearly return is:
75000/6=12,500

returns in investment h is 105,000 in 9 years
yearly return is:
105,000/9
=11,666.67

from the above results we can conclude that investment g has the higher returns.
4 0
3 years ago
Digital assets encompass any computer-related resources that are owned by an organization if the assets were created on the comp
german

Answer:

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Explanation:

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3 years ago
The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
Elanso [62]

Answer:  Stratified random sampling

Explanation:

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4 0
3 years ago
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