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PIT_PIT [208]
3 years ago
9

A company failed to record unrealized gains of $21 million on its trading security investments. Its tax rate is 40%. As a result

of this error, total shareholders' equity would be:______.
a) Understated by $12.60 million
b) Understated by $21.00 million
c) Understated by $8.40 million
d) Unaffected
Business
1 answer:
castortr0y [4]3 years ago
8 0

Answer:

A) Understated by $12.60 million

Explanation:

Given that,

Unrealized gains = 21 million

Tax rate = 40%

Total shareholders equity therefore

= 21,000,000 × (1 - 0.40)

= 21,000,000 × 0.60

= $12,600,000

Therefore, total equity will be understated by $12.60 million

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Flura [38]

Answer:

The answer to this question is given below in this explanation section.

Explanation:

                  " importance of office for an organization"

An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.

It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information  but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.

Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.

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Jeanne Edwards works as a campaign manager at Rainforest Alliance Trust, a forest protection organization in Indonesia. She is c
Ivahew [28]

Griffin and Powell ensures that all their CSR initiatives on forests are regularly and substantially publicized.

Answer: Option A.

<u>Explanation:</u>

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CSR turn out to be a great and an effective way of checking how strong and established a particular company is.

3 0
3 years ago
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Suppose that GDP was $250 billion in year 1 and that all other components of expenditures remained the same in year 2 except tha
nika2105 [10]

Answer:

$265 billion

Explanation:

The computation of the GDP in year 2 is shown below:

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We simply added the GDP in year 1 with the increase in the business inventories so that the GDP in year 2 could come

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Igoryamba

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This means that at this level, the rich save more of the resources because they have more than enough while the poor borrows more cause they do not have enough to spend now and would prefer to borrow to meet their needs.

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4 years ago
9/10
docker41 [41]

Answer:

d

Explanation:

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