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gizmo_the_mogwai [7]
3 years ago
6

Roger Corporation reports accumulated other comprehensive income of $10 million at 12/31/16. For the year ended 12/31/17, the co

mpany reports net income of $12 million and total comprehensive income of $15 million. On 12/31/17, Roger Corporation should report accumulated other comprehensive income of:_______________
Business
1 answer:
zaharov [31]3 years ago
3 0

Answer:

On 12/31/17, Roger Corporation should report accumulated other comprehensive income of $13 million

Explanation:

Accumulated other comprehensive income account is the port equity section in the balance sheet  and it reports the accumulated unrealized gains / losses of the company.

Accumulated Comprehensive income account:

Opening balance on 12/31/16          = $10 million

Additions for the year ( $15 - $12 )  =<u> $3 million </u>

Opening balance on 12/31/17          =<u> </u><u>$13 million</u>

Net income will be added to retained earning. The Value of total comprehensive income is divided in two parts first Net income and second other comprehensive income. Net income will be transferred to retained earning account and other comprehensive to accumulative comprehensive income account.

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When there are a large number of individual accounts with a common characteristic, it is common to place them in a separate ledg
sukhopar [10]

Answer:

A) subsidiary ledger

Explanation:

A subsidiary ledger is a group of similar accounts that all together form a general ledger account.

For example, accounts receivable is a general ledger account that is divided into individual accounts for each customer that owes money to the company for goods or services delivered. The sum of all the individual accounts will be the balance of the general accounts receivable.

8 0
4 years ago
If you add two more people to a project team of five, how many more communication channels will you add?
harkovskaia [24]

If you add two more people to a project team of five, 18 more communication channels will you add.

A communication channel is a medium between two people communicating. As people increases in communication, the number of channels increases. The increased channel creates more complexity in communications as people get more paths to communicate with each other. Hence, to calculate the number of communication channels, there is a formula derived:

Communication channels can be divided into three main channels: (1) verbal, (2) written, and (3) non-verbal. Each of these communication channels has different strengths and weaknesses, and often more than one channel can be used at once.

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7 0
1 year ago
Which oif the following statements about planned obselence is true?A. Environmentalists supports planned obsolescence.B. A compa
posledela

Answer: C. Style modification creates planned obsolescence.

Explanation:

Planned obsolescence also referred to as the premature obsolescence or built-in obsolescence is when a product is designed with a limited useful life which is artificial, so that the product later becomes obsolete after a period of time. It should be noted that style modification creates planned obsolescence as there's always need to try out new things and evolve.

7 0
4 years ago
When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
Sonja [21]

Answer:

B) The demand for good A is elastic.

Explanation:

Both Timothy and Jake believe that the demand is elastic, Timothy believes the PED = 1.75, while Jake believes the PED = 1.46. The difference is that Timothy believes the demand is more elastic.

Option A is not correct because Timothy believes total revenue will fall while Jake believes it will increase.

Option C is not correct because both believe that their market share will decrease.  

Option D is not correct because both Timothy and Jake are arguing about higher prices, not lower prices.

Option E is not correct because an increase inn the price of a good does not shift the demand curve, it moves the equilibrium point within the given demand and supply curves.

4 0
3 years ago
For a contract to be ________ it must meet the requirement of _______, and both the subject matter and the performance of the co
Alecsey [184]

enforceable, legality

For a contract to be enforceable it must meet the requirement of legality and both the subject matter and the performance of the contract must be legal

An agreement to be a contract must establish a duty that is enforceable by law by the provisions of contract laws. Any arrangement that does not provide for enforceability—that is, one in which the parties cannot seek redress in court for breach of the agreement s not a contract. To create legality in a relationship, the contract must have intent. It happens when the parties are aware that each of them is responsible for the contract's failure if they fail to keep their part of the contract.
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7 0
2 years ago
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