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fiasKO [112]
3 years ago
8

Comanic Corp. has common stock of $5,400,000, retained earnings of $2,000,000, unrealized gains on trading securities of $100,00

0 and unrealized losses on available-for-sale securities of $200,000. What is the total amount of its stockholders' equity?
a. $7,500,000
b. $7,200,000
c. $7,300,000
d. $7,400,000
Business
1 answer:
Anna11 [10]3 years ago
7 0

Answer:

b. $7,200,000

Explanation:

Common stock of                                                            $5,400,000

Retained earnings of                                                       $2,000,000

Unrealized losses on available-for-sale securities       (<u>$200,000) </u>

Stockholders' Equity                                                        $7,200,000

Unrealized gains on trading securities of $100,000 is not being added to the stockholders equity because it has been charges in profit and Loss statement and it is reflected in the net Income which is already been included in retained earning. Only Unrealized losses on available-for-sale securities of 200,000 is reported in the Stockholder's equity under separate head in the balance sheet.

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Rama09 [41]

The effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

<h3>What is a Property's Effective Age?</h3>

The effective age of a property can be described as the reflection of the true life of the property that is left remaining, based on the life expectancy that is typical of equipment or buildings that are similar to it and their usage.

So, when a property owner installs a new air conditioning system on a property, the air conditioning system, can cause wear and tear to the property which reduces how long the property can serve its purpose.

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Learn more about a Property's Effective Age on:

brainly.com/question/16490794

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6 0
1 year ago
Oh no! You bounced a check. You must pay _____________, fill in the blank, to the business you wrote the original check to.
Marina CMI [18]

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Explanation:

3 0
2 years ago
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stiks02 [169]

Answer:

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Explanation:

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8 0
2 years ago
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Zepler [3.9K]

Answer:

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Explanation:

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Correct answer

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7 0
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