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Otrada [13]
3 years ago
13

g Consider the following two separate events for a company during the year: 1. Gain on sale of investments = $10. 2. Unrealized

gain on investment from increase in fair value = $20. The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?
Business
1 answer:
Nina [5.8K]3 years ago
7 0

Answer:

B.) Net income = $10; Comprehensive income = $30.

Explanation:

The computation and effect of these two events increase net income and comprehensive income is shown below:

Since there is a gain on sale of investment so it increased the net income

So the net income would be increased by $10

And, there is an Unrealized gain on investment from an increase in fair value of $20

So, the comprehensive income increased by

= $10 + $20

= $30

Hence, the correct option is B

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Inessa [10]

The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.

<h3>What is Financial Liberalization?</h3>

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Hence, we can see that the key aspects of the liberalization program were:

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6 0
2 years ago
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
muminat

Answer:

C) Internal production systems that could reduce costs by 30 percent below the current industry standards

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